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1040ez Tax Table

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1040ez Tax Table

1040ez tax table 7. 1040ez tax table   Filing Information Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: What, When, and Where To FileResident Aliens Nonresident Aliens Amended Returns and Claims for Refund Other Forms You May Have To File PenaltiesCivil Penalties Criminal Penalties Introduction This chapter provides the basic filing information that you may need. 1040ez tax table Topics - This chapter discusses: Forms aliens must file, When and where to file, Penalties, and Amended returns and claims for refund. 1040ez tax table Useful Items - You may want to see: Forms (and Instructions) 1040 U. 1040ez tax table S. 1040ez tax table Individual Income Tax Return 1040A U. 1040ez tax table S. 1040ez tax table Individual Income Tax Return 1040EZ Income Tax Return for Single and Joint Filers With No Dependents 1040NR U. 1040ez tax table S. 1040ez tax table Nonresident Alien Income Tax Return 1040NR-EZ U. 1040ez tax table S. 1040ez tax table Income Tax Return for Certain Nonresident Aliens With No Dependents See chapter 12 for information about getting these forms. 1040ez tax table What, When, and Where To File What return you must file as well as when and where you file that return, depends on your status at the end of the tax year as a resident or a nonresident alien. 1040ez tax table Resident Aliens Resident aliens should file Form 1040EZ, 1040A, or 1040 at the address shown in the instructions for that form. 1040ez tax table The due date for filing the return and paying any tax due is April 15 of the year following the year for which you are filing a return (but see the Tip, later). 1040ez tax table Under U. 1040ez tax table S. 1040ez tax table immigration law, a lawful permanent resident who is required to file a tax return as a resident and fails to do so may be regarded as having abandoned status and may lose permanent resident status. 1040ez tax table Extensions of time to file. 1040ez tax table   You are allowed an automatic extension to June 15 to file if your main place of business and the home you live in are outside the United States and Puerto Rico on April 15. 1040ez tax table You can get an extension of time to October 15 to file your return if you get an extension by April 15 (June 15 if you qualify for the June 15 extension). 1040ez tax table Use Form 4868 to get the extension to October 15. 1040ez tax table In addition to this 6-month extension, taxpayers who are out of the country (as defined in the Form 4868 instructions) can request a discretionary 2-month additional extension of time to file their returns (to December 15 for calendar year taxpayers). 1040ez tax table To request this extension, you must send the IRS a letter explaining the reasons why you need the additional 2 months. 1040ez tax table Send the letter by the extended due date (October 15 for calendar year taxpayers) to the following address:  Department of the Treasury Internal Revenue Service Center Austin, TX 73301-0215   You will not receive any notification from the IRS unless your request is denied for being untimely. 1040ez tax table   The discretionary 2-month additional extension is not available to taxpayers who have an approved extension of time to file on Form 2350 (for U. 1040ez tax table S. 1040ez tax table citizens and resident aliens abroad who expect to qualify for special tax treatment). 1040ez tax table    If the due date for filing falls on a Saturday, Sunday, or legal holiday, the due date is the next day which is not a Saturday, Sunday, or legal holiday. 1040ez tax table You may be able to file your return electronically. 1040ez tax table See IRS e-file in your form instructions. 1040ez tax table Nonresident Aliens Nonresident aliens who are required to file an income tax return should use Form 1040NR or, if qualified, Form 1040NR-EZ. 1040ez tax table If you are any of the following, you must file a return. 1040ez tax table A nonresident alien individual engaged or considered to be engaged in a trade or business in the United States during 2013. 1040ez tax table (But see Exceptions , later. 1040ez tax table ) You must file even if: Your income did not come from a trade or business conducted in the United States, You have no income from U. 1040ez tax table S. 1040ez tax table sources, or Your income is exempt from income tax. 1040ez tax table A nonresident alien individual not engaged in a trade or business in the United States with U. 1040ez tax table S. 1040ez tax table income on which the tax liability was not satisfied by the withholding of tax at the source. 1040ez tax table A representative or agent responsible for filing the return of an individual described in (1) or (2). 1040ez tax table A fiduciary for a nonresident alien estate or trust. 1040ez tax table You must also file if you want to: Claim a refund of overwithheld or overpaid tax, or Claim the benefit of any deductions or credits. 1040ez tax table For example, if you have no U. 1040ez tax table S. 1040ez tax table business activities but have income from real property that you choose to treat as effectively connected income (discussed in chapter 4), you must timely file a true and accurate return to take any allowable deductions against that income. 1040ez tax table For information on what is timely, see When to file for deductions and credits under When To File, later. 1040ez tax table Exceptions. 1040ez tax table   You do not need to file Form 1040NR or Form 1040NR-EZ if you meet either of the following conditions. 1040ez tax table Your only U. 1040ez tax table S. 1040ez tax table trade or business was the performance of personal services, and Your wages were less than $3,900, and You have no other need to file a return to claim a refund of overwithheld taxes, to satisfy additional withholding at source, or to claim income exempt or partly exempt by treaty. 1040ez tax table You were a nonresident alien student, teacher, or trainee who was temporarily present in the United States under an “F,” “J,” “M,” or “Q” visa and you have no income that is subject to tax, such as wages, tips, scholarship and fellowship grants, dividends, etc. 1040ez tax table Even if you have left the United States and filed a Form 1040-C, U. 1040ez tax table S. 1040ez tax table Departing Alien Income Tax Return, on departure, you still must file an annual U. 1040ez tax table S. 1040ez tax table income tax return. 1040ez tax table If you are married and both you and your spouse are required to file, you must each file a separate return. 1040ez tax table Form 1040NR-EZ You can use Form 1040NR-EZ if all of the following conditions are met. 1040ez tax table You do not claim any dependents. 1040ez tax table You cannot be claimed as a dependent on someone else's U. 1040ez tax table S. 1040ez tax table tax return. 1040ez tax table If you were married, you do not claim an exemption for your spouse. 1040ez tax table Your taxable income is less than $100,000. 1040ez tax table The only itemized deduction you can claim is for state and local income taxes. 1040ez tax table Note. 1040ez tax table Residents of India who were students or business apprentices may be able to take the standard deduction instead of the itemized deduction for state and local income taxes. 1040ez tax table See chapter 5. 1040ez tax table Your only U. 1040ez tax table S. 1040ez tax table source income is from wages, salaries, tips, taxable refunds of state and local income taxes, scholarship or fellowship grants, and nontaxable interest or dividends. 1040ez tax table (If you had taxable interest or dividend income, you cannot use this form. 1040ez tax table ) You are not claiming any adjustments to income other than the student loan interest deduction or scholarship and fellowship grants excluded. 1040ez tax table You are not claiming any tax credits. 1040ez tax table This is not an “expatriation return. 1040ez tax table ” See Expatriation Tax in chapter 4. 1040ez tax table The only taxes you owe are: The income tax from the Tax Table. 1040ez tax table The social security and Medicare tax from Form 4137 or Form 8919. 1040ez tax table You are not claiming a credit for excess social security and tier 1 RRTA tax withheld. 1040ez tax table You are not filing Form 8959, to figure the amount of Additional Medicare Tax you owe and/or the amount of Additional Medicare Tax withheld by your employer, if any. 1040ez tax table If you do not meet all of the above conditions, you must file Form 1040NR. 1040ez tax table When To File If you are an employee and you receive wages subject to U. 1040ez tax table S. 1040ez tax table income tax withholding, you will generally file by the 15th day of the 4th month after your tax year ends. 1040ez tax table For the 2013 calendar year, file your return by April 15, 2014. 1040ez tax table If you are not an employee who receives wages subject to U. 1040ez tax table S. 1040ez tax table income tax withholding, you must file by the 15th day of the 6th month after your tax year ends. 1040ez tax table For the 2013 calendar year, file your return by June 16, 2014 (because June 15 is a Sunday. 1040ez tax table ) Extensions of time to file. 1040ez tax table   If you cannot file your return by the due date, file Form 4868 or use one of the electronic filing options explained in the Form 4868 instructions. 1040ez tax table For the 2013 calendar year, this will extend the due date to October 15, 2014 (December 15, 2014, if the regular due date of your return is June 16, 2014). 1040ez tax table You must file the extension by the regular due date of your return. 1040ez tax table   In addition to the 6-month extension to October 15, taxpayers whose main place of business is outside the United States and Puerto Rico and who live outside those jurisdictions can request a discretionary 2-month extension of time to file their returns (to December 15 for calendar year taxpayers). 1040ez tax table To request this extension, you must send the IRS a letter explaining the reasons why you need the additional 2 months. 1040ez tax table Send the letter by the extended due date (October 15 for calendar year taxpayers) to the following address: Department of the Treasury Internal Revenue Service Center Austin, TX 73301-0215   You will not receive any notification from the IRS unless your request is denied for being untimely. 1040ez tax table When to file for deductions and credits. 1040ez tax table   To get the benefit of any allowable deductions or credits, you must timely file a true and accurate return. 1040ez tax table For this purpose, a return is timely if it is filed within 16 months of the due date just discussed. 1040ez tax table However, if you did not file a 2012 tax return and 2013 is not the first year for which you are required to file one, your 2013 return is timely for this purpose if it is filed by the earlier of: The date that is 16 months after the due date for filing your 2013 return, or The date the IRS notifies you that your 2013 return has not been filed and that you cannot claim certain deductions and credits. 1040ez tax table The allowance of the following credits is not affected by this time requirement. 1040ez tax table Credit for withheld taxes. 1040ez tax table Credit for excise tax on certain uses of gasoline and special fuels. 1040ez tax table Credit for tax paid by a mutual fund (or other regulated investment company) or a real estate investment trust on undistributed long-term capital gains. 1040ez tax table Protective return. 1040ez tax table   If your activities in the United States were limited and you do not believe that you had any gross income effectively connected with a U. 1040ez tax table S. 1040ez tax table trade or business during the year, you can file a protective return (Form 1040NR) by the deadline explained above. 1040ez tax table By filing a protective return, you protect your right to receive the benefit of deductions and credits in the event it is later determined that some or all of your income is effectively connected. 1040ez tax table You are not required to report any effectively connected income or any deductions on the protective return, but you must give the reason the return is being filed. 1040ez tax table   If you believe some of your activities resulted in effectively connected income, file your return reporting that income and related deductions by the regular due date. 1040ez tax table To protect your right to claim deductions or credits resulting from other activities, attach a statement to that return explaining that you wish to protect your right to claim deductions and credits if it is later determined that the other activities produced effectively connected income. 1040ez tax table   You can follow the same procedure if you believe you have no U. 1040ez tax table S. 1040ez tax table tax liability because of a U. 1040ez tax table S. 1040ez tax table tax treaty. 1040ez tax table Be sure to also complete item L on page 5 of Form 1040NR. 1040ez tax table Waiver of filing deadline. 1040ez tax table   The IRS may waive the filing deadline if you establish that, based on the facts and circumstances, you acted reasonably and in good faith in failing to file a U. 1040ez tax table S. 1040ez tax table income tax return (including a protective return) and you cooperate with the IRS in determining your U. 1040ez tax table S. 1040ez tax table income tax liability for the tax year for which you did not file a return. 1040ez tax table Where To File If you are not enclosing a payment, file Form 1040NR-EZ and Form 1040NR at the following address. 1040ez tax table  Department of the Treasury Internal Revenue Service Center Austin, TX 73301-0215 If enclosing a payment, mail your return to:  Internal Revenue Service  P. 1040ez tax table O. 1040ez tax table Box 1303 Charlotte, NC 28201-1303 Aliens from the U. 1040ez tax table S. 1040ez tax table Virgin Islands. 1040ez tax table    If you are a bona fide resident of the U. 1040ez tax table S. 1040ez tax table Virgin Islands during your entire tax year and work temporarily in the United States, you must pay your income taxes to the U. 1040ez tax table S. 1040ez tax table Virgin Islands and file your income tax returns at the following address. 1040ez tax table Virgin Islands Bureau of Internal Revenue 6115 Estate Smith Bay Suite 225 St. 1040ez tax table Thomas, VI 00802   Report all income from U. 1040ez tax table S. 1040ez tax table sources, as well as income from other sources, on your return. 1040ez tax table For information on filing U. 1040ez tax table S. 1040ez tax table Virgin Islands returns, contact the U. 1040ez tax table S. 1040ez tax table Virgin Islands Bureau of Internal Revenue. 1040ez tax table   Chapter 8 discusses withholding from U. 1040ez tax table S. 1040ez tax table wages of U. 1040ez tax table S. 1040ez tax table Virgin Islanders. 1040ez tax table Aliens from Guam or the Commonwealth of the Northern Mariana Islands. 1040ez tax table   If you are a bona fide resident of Guam or the Commonwealth of the Northern Mariana Islands (CNMI) during your entire tax year, you must file your return with, and pay any tax due to, Guam or the CNMI. 1040ez tax table Report all income, including income from U. 1040ez tax table S. 1040ez tax table sources, on your return. 1040ez tax table It is not necessary to file a separate U. 1040ez tax table S. 1040ez tax table income tax return. 1040ez tax table    Bona fide residents of Guam should file their Guam returns at the following address. 1040ez tax table   Department of Revenue and Taxation Government of Guam P. 1040ez tax table O. 1040ez tax table Box 23607 GMF, GU 96921    Bona fide residents of the CNMI should file their CNMI income tax returns at the following address. 1040ez tax table   Department of Finance Division of Revenue and Taxation Commonwealth of the Northern Mariana Islands P. 1040ez tax table O. 1040ez tax table Box 5234 CHRB Saipan, MP 96950   If you are not a bona fide resident of Guam or the CNMI, see Pub. 1040ez tax table 570, Tax Guide for Individuals With Income From U. 1040ez tax table S. 1040ez tax table Possessions, for information on where to file your return. 1040ez tax table Amended Returns and Claims for Refund If you find changes in your income, deductions, or credits after you mail your return, file Form 1040X, Amended U. 1040ez tax table S. 1040ez tax table Individual Income Tax Return. 1040ez tax table Also use Form 1040X if you should have filed Form 1040, 1040A, or 1040EZ instead of Form 1040NR or 1040NR-EZ, or vice versa. 1040ez tax table If you amend Form 1040NR or Form 1040NR-EZ or file the correct return, attach the corrected return (Form 1040, Form 1040NR, etc. 1040ez tax table ) to Form 1040X. 1040ez tax table Print “Amended” across the top. 1040ez tax table Ordinarily, an amended return claiming a refund must be filed within 3 years from the date your return was filed or within 2 years from the time the tax was paid, whichever is later. 1040ez tax table A return filed before the final due date is considered to have been filed on the due date. 1040ez tax table Other Forms You May Have To File You may be required to file information returns to report certain foreign income or assets, or monetary transactions. 1040ez tax table FinCen Form 105 FinCEN Form 105 (formerly Customs Form 4790), Report of International Transportation of Currency or Monetary Instruments, must be filed by each person who physically transports, mails, or ships, or causes to be physically transported, mailed, or shipped, currency or other monetary instruments in a total amount of more than $10,000 at one time from the United States to any place outside the United States, or into the United States from any place outside the United States. 1040ez tax table The filing requirement also applies to each person who receives in the United States currency or monetary instruments totaling more than $10,000 at one time from any place outside of the United States. 1040ez tax table The term “monetary instruments” means the following: Coin and currency of the United States or of any other country, Travelers' checks in any form, Investment securities or stock in bearer form or otherwise in such form that title to them passes upon delivery, Negotiable instruments (including checks, promissory notes, and money orders) in bearer form, endorsed without restriction, made out to a fictitious payee, or otherwise in such form that title to them passes upon delivery, and Checks, promissory notes, and money orders which are signed but on which the name of the payee has been omitted. 1040ez tax table However, the term does not include: Checks or money orders made payable to the order of a named person which have not been endorsed or which contain restrictive endorsements, Warehouse receipts, or Bills of lading. 1040ez tax table A transfer of funds through normal banking procedures (wire transfer) that does not involve the physical transportation of currency or monetary instruments is not required to be reported on FinCEN Form 105. 1040ez tax table Filing requirements. 1040ez tax table   FinCEN Form 105 filing requirements follow. 1040ez tax table Recipients. 1040ez tax table   Each person who receives currency or other monetary instruments in the United States must file FinCEN Form 105 within 15 days after receipt, with the Customs officer in charge at any port of entry or departure, or by mail at the following address. 1040ez tax table Commissioner of Customs  Attention: Currency Transportation Reports Washington, DC 20229 Shippers or mailers. 1040ez tax table   If the currency or other monetary instrument does not accompany the person entering or departing the United States, FinCEN Form 105 can be filed by mail at the above address on or before the date of entry, departure, mailing, or shipping. 1040ez tax table Travelers. 1040ez tax table   Travelers must file FinCEN Form 105 with the Customs officer in charge at any Customs port of entry or departure, when entering or departing the United States. 1040ez tax table Penalties. 1040ez tax table   Civil and criminal penalties are provided for failing to file a report, filing a report containing material omissions or misstatements, or filing a false or fraudulent report. 1040ez tax table Also, the entire amount of the currency or monetary instrument may be subject to seizure and forfeiture. 1040ez tax table More information. 1040ez tax table   More information regarding the filing of FinCEN Form 105 can be found in the instructions on the back of the form. 1040ez tax table Form 8938 You may have to file Form 8938, Statement of Specified Foreign Financial Assets, to report the ownership of specified foreign financial asset(s) if you are one of the following individuals. 1040ez tax table A resident alien of the United States for any part of the tax year. 1040ez tax table A resident alien of the United States who elects to be treated as a resident of a foreign country under the provisions of a U. 1040ez tax table S. 1040ez tax table income tax treaty. 1040ez tax table See Effect of Tax Treaties in chapter 1. 1040ez tax table A nonresident alien who makes an election to be treated as a resident alien for purposes of filing a joint income tax return. 1040ez tax table See chapter 1 for information about this election. 1040ez tax table A nonresident alien who is a bona fide resident of American Samoa or Puerto Rico. 1040ez tax table See Publication 570, Tax Guide for Individuals With Income From U. 1040ez tax table S. 1040ez tax table Possessions, for a definition of bona fide resident. 1040ez tax table You must file Form 8938 if the total value of those assets exceeds an applicable threshold (the “reporting threshold”). 1040ez tax table The reporting threshold varies depending on whether you live in the United States, are married, or file a joint income tax return with your spouse. 1040ez tax table Specified foreign financial assets include any financial account maintained by a foreign financial institution and, to the extent held for investment, any stock, securities, or any other interest in a foreign entity and any financial instrument or contract with an issuer or counterparty that is not a U. 1040ez tax table S. 1040ez tax table person. 1040ez tax table You may have to pay penalties if you are required to file Form 8938 and fail to do so, or if you have an understatement of tax due to any transaction involving an undisclosed foreign financial asset. 1040ez tax table More information about the filing of Form 8938 can be found in the separate instructions for Form 8938. 1040ez tax table Penalties The law provides penalties for failure to file returns or pay taxes as required. 1040ez tax table Civil Penalties If you do not file your return and pay your tax by the due date, you may have to pay a penalty. 1040ez tax table You may also have to pay a penalty if you substantially understate your tax, file a frivolous tax submission, or fail to supply your taxpayer identification number. 1040ez tax table If you provide fraudulent information on your return, you may have to pay a civil fraud penalty. 1040ez tax table Filing late. 1040ez tax table   If you do not file your return by the due date (including extensions), you may have to pay a failure-to-file penalty. 1040ez tax table The penalty is based on the tax not paid by the due date (without regard to extensions). 1040ez tax table The penalty is usually 5% for each month or part of a month that a return is late, but not more than 25%. 1040ez tax table Fraud. 1040ez tax table   If your failure to file is due to fraud, the penalty is 15% for each month or part of a month that your return is late, up to a maximum of 75%. 1040ez tax table Return over 60 days late. 1040ez tax table   If you file your return more than 60 days after the due date or extended due date, the minimum penalty is the smaller of $135 or 100% of the unpaid tax. 1040ez tax table Exception. 1040ez tax table   You will not have to pay the penalty if you show that you failed to file on time because of reasonable cause and not because of willful neglect. 1040ez tax table Paying tax late. 1040ez tax table   You will have to pay a failure-to-pay penalty of ½ of 1% (. 1040ez tax table 50%) of your unpaid taxes for each month, or part of a month, after the due date that the tax is not paid. 1040ez tax table This penalty does not apply during the automatic 6-month extension of time to file period, if you paid at least 90% of your actual tax liability on or before the due date of your return and pay the balance when you file the return. 1040ez tax table   The monthly rate of the failure-to-pay penalty is half the usual rate (. 1040ez tax table 25% instead of . 1040ez tax table 50%) if an installment agreement is in effect for that month. 1040ez tax table You must have filed your return by the due date (including extensions) to qualify for this reduced penalty. 1040ez tax table   If a notice of intent to levy is issued, the rate will increase to 1% at the start of the first month beginning at least 10 days after the day that the notice is issued. 1040ez tax table If a notice and demand for immediate payment is issued, the rate will increase to 1% at the start of the first month beginning after the day that the notice and demand is issued. 1040ez tax table   This penalty cannot be more than 25% of your unpaid tax. 1040ez tax table You will not have to pay the penalty if you can show that you had a good reason for not paying your tax on time. 1040ez tax table Combined penalties. 1040ez tax table   If both the failure-to-file penalty and the failure-to-pay penalty (discussed earlier) apply in any month, the 5% (or 15%) failure-to-file penalty is reduced by the failure-to-pay penalty. 1040ez tax table However, if you file your return more than 60 days after the due date or extended due date, the minimum penalty is the smaller of $135 or 100% of the unpaid tax. 1040ez tax table Accuracy-related penalty. 1040ez tax table   You may have to pay an accuracy-related penalty if you underpay your tax because: You show negligence or disregard of rules or regulations, You substantially understate your income tax, You claim tax benefits for a transaction that lacks economic substance, or You fail to disclose a foreign financial asset. 1040ez tax table The penalty is equal to 20% of the underpayment. 1040ez tax table The penalty is 40% of any portion of the underpayment that is attributable to an undisclosed noneconomic substance transaction or an undisclosed foreign financial asset transaction. 1040ez tax table The penalty will not be figured on any part of an underpayment on which the fraud penalty (discussed later) is charged. 1040ez tax table Negligence or disregard. 1040ez tax table   The term “negligence” includes a failure to make a reasonable attempt to comply with the tax law or to exercise ordinary and reasonable care in preparing a return. 1040ez tax table Negligence also includes failure to keep adequate books and records. 1040ez tax table You will not have to pay a negligence penalty if you have a reasonable basis for a position you took. 1040ez tax table   The term “disregard” includes any careless, reckless, or intentional disregard. 1040ez tax table Adequate disclosure. 1040ez tax table   You can avoid the penalty for disregard of rules or regulations if you adequately disclose on your return a position that has at least a reasonable basis. 1040ez tax table See Disclosure statement , later. 1040ez tax table   This exception will not apply to an item that is attributable to a tax shelter. 1040ez tax table In addition, it will not apply if you fail to keep adequate books and records, or substantiate items properly. 1040ez tax table Substantial understatement of income tax. 1040ez tax table   You understate your tax if the tax shown on your return is less than the correct tax. 1040ez tax table The understatement is substantial if it is more than the larger of 10% of the correct tax or $5,000. 1040ez tax table However, the amount of the understatement is reduced to the extent the understatement is due to: Substantial authority, or Adequate disclosure and a reasonable basis. 1040ez tax table   If an item on your return is attributable to a tax shelter, there is no reduction for an adequate disclosure. 1040ez tax table However, there is a reduction for a position with substantial authority, but only if you reasonably believed that your tax treatment was more likely than not the proper treatment. 1040ez tax table Substantial authority. 1040ez tax table   Whether there is or was substantial authority for the tax treatment of an item depends on the facts and circumstances. 1040ez tax table Consideration will be given to court opinions, Treasury regulations, revenue rulings, revenue procedures, and notices and announcements issued by the IRS and published in the Internal Revenue Bulletin that involve the same or similar circumstances as yours. 1040ez tax table Disclosure statement. 1040ez tax table   To adequately disclose the relevant facts about your tax treatment of an item, use Form 8275, Disclosure Statement. 1040ez tax table You must also have a reasonable basis for treating the item the way you did. 1040ez tax table   In cases of substantial understatement only, items that meet the requirements of Revenue Procedure 2012-51, 2012-51 IRB 719 (or later update) are considered adequately disclosed on your return without filing Form 8275. 1040ez tax table   Use Form 8275-R, Regulation Disclosure Statement, to disclose items or positions contrary to regulations. 1040ez tax table Transaction lacking economic substance. 1040ez tax table   For more information on economic substance, see section 7701(o). 1040ez tax table Foreign financial asset. 1040ez tax table   For more information on undisclosed foreign financial assets, see section 6662(j) or the Instructions for Form 8938. 1040ez tax table Reasonable cause. 1040ez tax table   You will not have to pay a penalty if you show a good reason (reasonable cause) for the way you treated an item. 1040ez tax table You must also show that you acted in good faith. 1040ez tax table This does not apply to a transaction that lacks economic substance. 1040ez tax table Filing erroneous claim for refund or credit. 1040ez tax table   You may have to pay a penalty if you file an erroneous claim for refund or credit. 1040ez tax table The penalty is equal to 20% of the disallowed amount of the claim, unless you can show a reasonable basis for the way you treated an item. 1040ez tax table However, any disallowed amount due to a transaction that lacks economic substance will not be treated as having a reasonable basis. 1040ez tax table The penalty will not be figured on any part of the disallowed amount of the claim that relates to the earned income credit or on which the accuracy-related or fraud penalties are charged. 1040ez tax table Frivolous tax submission. 1040ez tax table   You may have to pay a penalty of $5,000 if you file a frivolous tax return or other frivolous submissions. 1040ez tax table A frivolous tax return is one that does not include enough information to figure the correct tax or that contains information clearly showing that the tax you reported is substantially incorrect. 1040ez tax table For more information on frivolous returns, frivolous submissions, and a list of positions that are identified as frivolous, see Notice 2010-33, 2010-17 IRB 609 available at www. 1040ez tax table irs. 1040ez tax table gov/irb/2010-17_irb/ar13. 1040ez tax table html. 1040ez tax table   You will have to pay the penalty if you filed this kind of return or submission based on a frivolous position or a desire to delay or interfere with the administration of federal tax laws. 1040ez tax table This includes altering or striking out the preprinted language above the space provided for your signature. 1040ez tax table   This penalty is added to any other penalty provided by law. 1040ez tax table Fraud. 1040ez tax table   If there is any underpayment of tax on your return due to fraud, a penalty of 75% of the underpayment due to fraud will be added to your tax. 1040ez tax table Failure to supply taxpayer identification number. 1040ez tax table   If you do not include your social security number (SSN) or individual taxpayer identification number (ITIN) or the SSN or ITIN of another person where required on a return, statement, or other document, you will be subject to a penalty of $50 for each failure. 1040ez tax table You will also be subject to a penalty of $50 if you do not give your SSN or ITIN to another person when it is required on a return, statement, or other document. 1040ez tax table   For example, if you have a bank account that earns interest, you must give your SSN or ITIN to the bank. 1040ez tax table The number must be shown on the Form 1099-INT or other statement the bank sends you. 1040ez tax table If you do not give the bank your SSN or ITIN, you will be subject to the $50 penalty. 1040ez tax table (You also may be subject to “backup” withholding of income tax. 1040ez tax table )   You will not have to pay the penalty if you are able to show that the failure was due to reasonable cause and not willful neglect. 1040ez tax table Criminal Penalties You may be subject to criminal prosecution (brought to trial) for actions such as: Tax evasion, Willful failure to file a return, supply information, or pay any tax due, Fraud and false statements, or Preparing and filing a fraudulent return. 1040ez tax table Prev  Up  Next   Home   More Online Publications
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Understanding Your CP76 Notice

We are allowing your Earned Income Credit as claimed on your tax return. You will receive any expected refund in 8 weeks provided you owe no other taxes or legal debts we are required to collect.


What you need to do

  • You don’t need to take further action.

You may want to

  • Keep a copy of this notice for your records

Answers to Common Questions

What if I don't receive my refund within 8 weeks?
Call us for assistance at the toll-free telephone number listed in the top right corner of your notice, if you haven't received your refund within 8 weeks.


Tips for next year

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

Page Last Reviewed or Updated: 07-Mar-2014

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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 Tax Table

1040ez tax table 6. 1040ez tax table   Tip Income Table of Contents Introduction Useful Items - You may want to see: Keeping a Daily Tip RecordElectronic tip record. 1040ez tax table Reporting Tips to Your EmployerElectronic tip statement. 1040ez tax table Final report. 1040ez tax table Reporting Tips on Your Tax Return Allocated Tips Introduction This chapter is for employees who receive tips. 1040ez tax table All tips you receive are income and are subject to federal income tax. 1040ez tax table You must include in gross income all tips you receive directly, charged tips paid to you by your employer, and your share of any tips you receive under a tip-splitting or tip-pooling arrangement. 1040ez tax table The value of noncash tips, such as tickets, passes, or other items of value, is also income and subject to tax. 1040ez tax table Reporting your tip income correctly is not difficult. 1040ez tax table You must do three things. 1040ez tax table Keep a daily tip record. 1040ez tax table Report tips to your employer. 1040ez tax table Report all your tips on your income tax return. 1040ez tax table  This chapter will explain these three things and show you what to do on your tax return if you have not done the first two. 1040ez tax table This chapter will also show you how to treat allocated tips. 1040ez tax table For information on special tip programs and agreements, see Publication 531. 1040ez tax table Useful Items - You may want to see: Publication 531 Reporting Tip Income 1244 Employee's Daily Record of Tips and Report to Employer Form (and Instructions) 4137 Social Security and Medicare Tax on Unreported Tip Income 4070 Employee's Report of Tips to Employer Keeping a Daily Tip Record Why keep a daily tip record. 1040ez tax table   You must keep a daily tip record so you can: Report your tips accurately to your employer, Report your tips accurately on your tax return, and Prove your tip income if your return is ever questioned. 1040ez tax table How to keep a daily tip record. 1040ez tax table   There are two ways to keep a daily tip record. 1040ez tax table You can either: Write information about your tips in a tip diary, or Keep copies of documents that show your tips, such as restaurant bills and credit or debit card charge slips. 1040ez tax table You should keep your daily tip record with your tax or other personal records. 1040ez tax table You must keep your records for as long as they are important for administration of the federal tax law. 1040ez tax table For information on how long to keep records, see How long to keep records in chapter 1. 1040ez tax table    If you keep a tip diary, you can use Form 4070A, Employee's Daily Record of Tips. 1040ez tax table To get Form 4070A, ask the Internal Revenue Service (IRS) or your employer for Publication 1244. 1040ez tax table Also, Publication 1244 is available online at www. 1040ez tax table irs. 1040ez tax table gov/pub/irs-pdf/p1244. 1040ez tax table pdf. 1040ez tax table Publication 1244 includes a 1-year supply of Form 4070A. 1040ez tax table Each day, write in the information asked for on the form. 1040ez tax table   In addition to the information asked for on Form 4070A, you also need to keep a record of the date and value of any noncash tips you get, such as tickets, passes, or other items of value. 1040ez tax table Although you do not report these tips to your employer, you must report them on your tax return. 1040ez tax table   If you do not use Form 4070A, start your records by writing your name, your employer's name, and the name of the business (if it is different from your employer's name). 1040ez tax table Then, each workday, write the date and the following information. 1040ez tax table Cash tips you get directly from customers or from other employees. 1040ez tax table Tips from credit and debit card charge customers that your employer pays you. 1040ez tax table The value of any noncash tips you get, such as tickets, passes, or other items of value. 1040ez tax table The amount of tips you paid out to other employees through tip pools or tip splitting, or other arrangements, and the names of the employees to whom you paid the tips. 1040ez tax table Electronic tip record. 1040ez tax table   You can use an electronic system provided by your employer to record your daily tips. 1040ez tax table If you do, you must receive and keep a paper copy of this record. 1040ez tax table Service charges. 1040ez tax table    Do not write in your tip diary the amount of any service charge that your employer adds to a customer's bill and then pays to you and treats as wages. 1040ez tax table This is part of your wages, not a tip. 1040ez tax table See examples below. 1040ez tax table Example 1. 1040ez tax table Good Food Restaurant adds an 18% charge to the bill for parties of 6 or more customers. 1040ez tax table Jane’s bill for food and beverages for her party of 8 includes an amount on the tip line equal to 18% of the charges for food and beverages, and the total includes this amount. 1040ez tax table Because Jane did not have an unrestricted right to determine the amount on the “tip line,” the 18% charge is considered a service charge. 1040ez tax table Do not include the 18% charge in your tip diary. 1040ez tax table Service charges that are paid to you are considered wages, not tips. 1040ez tax table Example 2. 1040ez tax table Good Food Restaurant also includes sample calculations of tip amounts at the bottom of its bills for food and beverages provided to customers. 1040ez tax table David’s bill includes a blank “tip line,” with sample tip calculations of 15%, 18%, and 20% of his charges for food and beverages at the bottom of the bill beneath the signature line. 1040ez tax table Because David is free to enter any amount on the “tip line” or leave it blank, any amount he includes is considered a tip. 1040ez tax table Be sure to include this amount in your tip diary. 1040ez tax table Reporting Tips to Your Employer Why report tips to your employer. 1040ez tax table   You must report tips to your employer so that: Your employer can withhold federal income tax and social security, Medicare, Additional Medicare, or railroad retirement taxes, Your employer can report the correct amount of your earnings to the Social Security Administration or Railroad Retirement Board (which affects your benefits when you retire or if you become disabled, or your family's benefits if you die), and You can avoid the penalty for not reporting tips to your employer (explained later). 1040ez tax table What tips to report. 1040ez tax table   Report to your employer only cash, check, and debit and credit card tips you receive. 1040ez tax table   If your total tips for any 1 month from any one job are less than $20, do not report the tips for that month to that employer. 1040ez tax table   If you participate in a tip-splitting or tip-pooling arrangement, report only the tips you receive and retain. 1040ez tax table Do not report to your employer any portion of the tips you receive that you pass on to other employees. 1040ez tax table However, you must report tips you receive from other employees. 1040ez tax table    Do not report the value of any noncash tips, such as tickets or passes, to your employer. 1040ez tax table You do not pay social security, Medicare, Additional Medicare or railroad retirement taxes on these tips. 1040ez tax table How to report. 1040ez tax table    If your employer does not give you any other way to report tips, you can use Form 4070. 1040ez tax table Fill in the information asked for on the form, sign and date the form, and give it to your employer. 1040ez tax table To get a 1-year supply of the form, ask the IRS or your employer for Publication 1244. 1040ez tax table   If you do not use Form 4070, give your employer a statement with the following information. 1040ez tax table Your name, address, and social security number. 1040ez tax table Your employer's name, address, and business name (if it is different from your employer's name). 1040ez tax table The month (or the dates of any shorter period) in which you received tips. 1040ez tax table The total tips required to be reported for that period. 1040ez tax table You must sign and date the statement. 1040ez tax table Be sure to keep a copy with your tax or other personal records. 1040ez tax table   Your employer may require you to report your tips more than once a month. 1040ez tax table However, the statement cannot cover a period of more than 1 calendar month. 1040ez tax table Electronic tip statement. 1040ez tax table   Your employer can have you furnish your tip statements electronically. 1040ez tax table When to report. 1040ez tax table   Give your report for each month to your employer by the 10th of the next month. 1040ez tax table If the 10th falls on a Saturday, Sunday, or legal holiday, give your employer the report by the next day that is not a Saturday, Sunday, or legal holiday. 1040ez tax table Example. 1040ez tax table You must report your tips received in September 2014 by October 10, 2014. 1040ez tax table Final report. 1040ez tax table   If your employment ends during the month, you can report your tips when your employment ends. 1040ez tax table Penalty for not reporting tips. 1040ez tax table   If you do not report tips to your employer as required, you may be subject to a penalty equal to 50% of the social security, Medicare, and Additional Medicare taxes or railroad retirement tax you owe on the unreported tips. 1040ez tax table (For information about these taxes, see Reporting social security, Medicare, Additional Medicare, or railroad retirement taxes on tips not reported to your employer under Reporting Tips on Your Tax Return, later. 1040ez tax table ) The penalty amount is in addition to the taxes you owe. 1040ez tax table   You can avoid this penalty if you can show reasonable cause for not reporting the tips to your employer. 1040ez tax table To do so, attach a statement to your return explaining why you did not report them. 1040ez tax table Giving your employer money for taxes. 1040ez tax table   Your regular pay may not be enough for your employer to withhold all the taxes you owe on your regular pay plus your reported tips. 1040ez tax table If this happens, you can give your employer money until the close of the calendar year to pay the rest of the taxes. 1040ez tax table   If you do not give your employer enough money, your employer will apply your regular pay and any money you give in the following order. 1040ez tax table All taxes on your regular pay. 1040ez tax table Social security, Medicare, and Additional Medicare taxes or railroad retirement taxes on your reported tips. 1040ez tax table Federal, state, and local income taxes on your reported tips. 1040ez tax table    Any taxes that remain unpaid can be collected by your employer from your next paycheck. 1040ez tax table If withholding taxes remain uncollected at the end of the year, you may be subject to a penalty for underpayment of estimated taxes. 1040ez tax table See Publication 505, Tax Withholding and Estimated Tax, for more information. 1040ez tax table    Uncollected taxes. 1040ez tax table You must report on your tax return any social security and Medicare taxes or railroad retirement tax that remained uncollected at the end of 2013. 1040ez tax table These uncollected taxes will be shown on your 2013 Form W-2. 1040ez tax table See Reporting uncollected social security, Medicare, or railroad retirement taxes on tips reported to your employer under Reporting Tips on Your Tax Return, later. 1040ez tax table Reporting Tips on Your Tax Return How to report tips. 1040ez tax table    Report your tips with your wages on Form 1040, line 7; Form 1040A, line 7; or Form 1040EZ, line 1. 1040ez tax table What tips to report. 1040ez tax table   You must report all tips you received in 2013 on your tax return, including both cash tips and noncash tips. 1040ez tax table Any tips you reported to your employer for 2013 are included in the wages shown in box 1 of your Form W-2. 1040ez tax table Add to the amount in box 1 only the tips you did not report to your employer. 1040ez tax table    If you received $20 or more in cash and charge tips in a month and did not report all of those tips to your employer, see Reporting social security, Medicare, Additional Medicare, or railroad retirement taxes on tips not reported to your employer, later. 1040ez tax table    If you did not keep a daily tip record as required and an amount is shown in box 8 of your Form W-2, see Allocated Tips, later. 1040ez tax table   If you kept a daily tip record and reported tips to your employer as required under the rules explained earlier, add the following tips to the amount in box 1 of your Form W-2. 1040ez tax table Cash and charge tips you received that totaled less than $20 for any month. 1040ez tax table The value of noncash tips, such as tickets, passes, or other items of value. 1040ez tax table Example. 1040ez tax table Ben Smith began working at the Blue Ocean Restaurant (his only employer in 2013) on June 30 and received $10,000 in wages during the year. 1040ez tax table Ben kept a daily tip record showing that his tips for June were $18 and his tips for the rest of the year totaled $7,000. 1040ez tax table He was not required to report his June tips to his employer, but he reported all of the rest of his tips to his employer as required. 1040ez tax table Ben's Form W-2 from Blue Ocean Restaurant shows $17,000 ($10,000 wages plus $7,000 reported tips) in box 1. 1040ez tax table He adds the $18 unreported tips to that amount and reports $17,018 as wages on his tax return. 1040ez tax table Reporting social security, Medicare, Additional Medicare, or railroad retirement taxes on tips not reported to your employer. 1040ez tax table    If you received $20 or more in cash and charge tips in a month from any one job and did not report all of those tips to your employer, you must report the social security, Medicare, and Additional Medicare taxes on the unreported tips as additional tax on your return. 1040ez tax table To report these taxes, you must file a return even if you would not otherwise have to file. 1040ez tax table You must use Form 1040. 1040ez tax table (You cannot file Form 1040EZ or Form 1040A. 1040ez tax table )    Use Form 4137 to figure social security and Medicare taxes. 1040ez tax table Enter the tax on your return as instructed, and attach the completed Form 4137 to your return. 1040ez tax table Use Form 8959 to figure Additional Medicare Tax. 1040ez tax table    If you are subject to the Railroad Retirement Tax Act, you cannot use Form 4137 to pay railroad retirement tax on unreported tips. 1040ez tax table To get railroad retirement credit, you must report tips to your employer. 1040ez tax table Reporting uncollected social security, Medicare, or railroad retirement taxes on tips reported to your employer. 1040ez tax table   You may have uncollected taxes if your regular pay was not enough for your employer to withhold all the taxes you owe and you did not give your employer enough money to pay the rest of the taxes. 1040ez tax table For more information, see Giving your employer money for taxes , under Reporting Tips to Your Employer, earlier. 1040ez tax table   If your employer could not collect all the social security and Medicare taxes or railroad retirement tax you owe on tips reported for 2013, the uncollected taxes will be shown in box 12 of your Form W-2 (codes A and B). 1040ez tax table You must report these amounts as additional tax on your return. 1040ez tax table Unlike the uncollected portion of the regular (1. 1040ez tax table 45%) Medicare tax, the uncollected Additional Medicare Tax is not reported in box 12 of Form W-2 with code B. 1040ez tax table    To report these uncollected taxes, you must file a return even if you would not otherwise have to file. 1040ez tax table You must report these taxes on Form 1040, line 60. 1040ez tax table See the instructions for Form 1040, line 60. 1040ez tax table (You cannot file Form 1040EZ or Form 1040A. 1040ez tax table ) Allocated Tips If your employer allocated tips to you, they are shown separately in box 8 of your Form W-2. 1040ez tax table They are not included in box 1 with your wages and reported tips. 1040ez tax table If box 8 is blank, this discussion does not apply to you. 1040ez tax table What are allocated tips. 1040ez tax table   These are tips that your employer assigned to you in addition to the tips you reported to your employer for the year. 1040ez tax table Your employer will have done this only if: You worked in an establishment (restaurant, cocktail lounge, or similar business) that must allocate tips to employees, and The tips you reported to your employer were less than your share of 8% of food and drink sales. 1040ez tax table No income, social security, Medicare, Additional Medicare or railroad retirement taxes are withheld on allocated tips. 1040ez tax table How were your allocated tips figured. 1040ez tax table   The tips allocated to you are your share of an amount figured by subtracting the reported tips of all employees from 8% (or an approved lower rate) of food and drink sales (other than carryout sales and sales with a service charge of 10% or more). 1040ez tax table Your share of that amount was figured using either a method provided by an employer-employee agreement or a method provided by IRS regulations based on employees' sales or hours worked. 1040ez tax table For information about the exact allocation method used, ask your employer. 1040ez tax table Must you report your allocated tips on your tax return. 1040ez tax table   You must report all tips you received in 2013 on your tax return, including both cash tips and noncash tips. 1040ez tax table Any tips you reported to your employer for 2013 are included in the wages shown in box 1 of your Form W-2. 1040ez tax table Add to the amount in box 1 only the tips you did not report to your employer. 1040ez tax table This should include any allocated tips shown in box 8 on your Form(s) W-2, unless you have adequate records to show that you received less tips in the year than the allocated figures. 1040ez tax table   See What tips to report under Reporting Tips on Your Tax Return, and Keeping a Daily Tip Record , earlier. 1040ez tax table How to report allocated tips. 1040ez tax table   Report the amount in box 1 and the allocated tips in box 8 of your Form(s) W-2 as wages on Form 1040, line 7; Form 1040NR, line 8; or Form 1040NR-EZ, line 3. 1040ez tax table (You cannot file Form 1040A or Form 1040EZ when you have allocated tips. 1040ez tax table )    Because social security, Medicare, and Additional Medicare taxes were not withheld from the allocated tips, you must report those taxes as additional tax on your return. 1040ez tax table Complete Form 4137, and include the allocated tips on line 1 of the form. 1040ez tax table See Reporting social security, Medicare, Additional Medicare, or railroad retirement taxes on tips not reported to your employer under Reporting Tips on Your Tax Return, earlier. 1040ez tax table Prev  Up  Next   Home   More Online Publications