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

2009 Turbo Tax

H&r Block At Home FreeFile 1040ez ElectronicallyForm 1040ez 2013Income Tax Forms1040ez Worksheet Line 5Tax SlayerHow Do You Amend A Tax ReturnIncome Tax 2012 FormsFree 1040x Filing OnlineH And R BlockTax 2011 Form2013 Amended Tax ReturnHow To Fill Out A 1040ezFill Out 1040ez Online040ezTax Planning Us 1040ezIrs Free State FilingHow To File Back Taxes For FreeHow Do I File My State Taxes For FreeFree State Tax Return TurbotaxIrs Free EfileFile Past Year TaxesTaxact 1040xFree Federal And State TaxAmended Tax Return FormColorado Amended Tax Return 20111040x 2012 Tax FormE File State Tax ReturnAarp Tax HelpPrevious Year Tax FormsFree Tax For 2012Free Online State TaxesFiling An Amended Tax ReturnFillable 1040ez 2012How Do You File An Amended Federal Tax ReturnState Tax Forms2011 1040ezFile For An ExtensionBest Tax Preparation SoftwareFile 2012 Taxes Late Free

2009 Turbo Tax

2009 turbo tax Publication 3402 - Main Content Table of Contents What is a Limited Liability Company? Classification of an LLC LLCs Classified as Partnerships LLCs Classified as Disregarded Entities LLCs Classified as Corporations Subsequent Elections How To Get More InformationInternal Revenue Service Small Business Administration Other Federal Agencies What is a Limited Liability Company? For purposes of this publication, a limited liability company (LLC) is a business entity organized in the United States under state law. 2009 turbo tax Unlike a partnership, all of the members of an LLC have limited personal liability for its debts. 2009 turbo tax An LLC may be classified for federal income tax purposes as a partnership, corporation, or an entity disregarded as separate from its owner by applying the rules in Regulations section 301. 2009 turbo tax 7701-3. 2009 turbo tax The information in this publication applies to LLCs in general, and different rules may apply to special situations, including banks, insurance companies, or nonprofit organizations that are LLCs or that own LLCs. 2009 turbo tax Check your state's requirements and the federal tax regulations for further information. 2009 turbo tax Classification of an LLC Default classification rules. 2009 turbo tax   An LLC with at least two members is classified as a partnership for federal income tax purposes. 2009 turbo tax An LLC with only one member is treated as an entity disregarded as separate from its owner for income tax purposes (but as a separate entity for purposes of employment tax and certain excise taxes). 2009 turbo tax Also, an LLC's federal tax classification can subsequently change under certain default rules discussed later. 2009 turbo tax Elected classification. 2009 turbo tax   If an LLC does not choose to be classified under the above default classifications, it can elect to be classified as an association taxable as a corporation or as an S corporation. 2009 turbo tax After an LLC has determined its federal tax classification, it can later elect to change that classification. 2009 turbo tax For details, see Subsequent Elections, later. 2009 turbo tax LLCs Classified as Partnerships If an LLC has at least two members and is classified as a partnership, it generally must file Form 1065, U. 2009 turbo tax S. 2009 turbo tax Return of Partnership Income. 2009 turbo tax Generally, an LLC classified as a partnership is subject to the same filing and reporting requirements as partnerships. 2009 turbo tax For certain purposes, members of an LLC are treated as limited partners in a limited partnership. 2009 turbo tax For example, LLC members are treated as limited partners for purposes of material participation under the passive activity limitation rules (see Temporary Regulation section 1. 2009 turbo tax 469-5T(e)). 2009 turbo tax See the Instructions for Form 1065 for reporting rules that apply specifically to LLCs. 2009 turbo tax Member manager. 2009 turbo tax   Only a member manager of an LLC can sign the partnership tax return. 2009 turbo tax And only a member manager can represent the LLC as the tax matters partner under the consolidated audit proceedings in sections 6221 through 6234. 2009 turbo tax A member manager is any owner of an interest in the LLC who, alone or together with others, has the continuing authority to make the management decisions necessary to conduct the business for which the LLC was formed. 2009 turbo tax If there are no elected or designated member managers, each owner is treated as a member manager. 2009 turbo tax Change in default classification. 2009 turbo tax   If the number of members in an LLC classified as a partnership is reduced to only one member, it becomes an entity disregarded as separate from its owner under Regulations section 301. 2009 turbo tax 7701-3(f)(2). 2009 turbo tax However, if the LLC has made an election to be classified as a corporation (discussed later) and that elective classification is in effect at the time of the change in membership, the default classification as a disregarded entity will not apply. 2009 turbo tax   Other tax consequences of a change in membership, such as recognition of gain or loss, are determined by the transactions through which an interest in the LLC is acquired or disposed of. 2009 turbo tax If a partnership that becomes a disregarded entity as a result of a decrease in the number of members makes an election to be classified as a corporation, the applicable deemed transactions discussed under Subsequent Elections, later, apply. 2009 turbo tax Example 1. 2009 turbo tax Ethel and Francis are members of an LLC classified as a partnership for federal tax purposes. 2009 turbo tax Each holds an equal membership interest. 2009 turbo tax The LLC does not hold any unrealized receivables or substantially appreciated inventory. 2009 turbo tax Ethel sells her entire interest in the LLC to Francis for $10,000. 2009 turbo tax After the sale, the business is continued by the LLC, which is owned solely by Francis. 2009 turbo tax No entity classification election is made after the sale to treat the LLC as a corporation for federal tax purposes. 2009 turbo tax The partnership terminates when Francis buys Ethel's entire interest. 2009 turbo tax Ethel must treat the transaction as the sale of a partnership interest and must report gain or loss, if any, resulting from the sale of her partnership interest. 2009 turbo tax For purposes of determining the tax treatment of Francis, the partnership is deemed to make a liquidating distribution of all of its assets to Ethel and Francis, and after this distribution, Francis is treated as acquiring the assets deemed to have been distributed to Ethel in liquidation of Ethel's partnership interest. 2009 turbo tax Francis's basis in the assets attributable to Ethel's one-half interest in the partnership is $10,000, the purchase price for Ethel's partnership interest. 2009 turbo tax Upon the termination of the partnership, Francis is considered to receive a distribution of those assets attributable to Francis's former interest in the partnership. 2009 turbo tax Francis must recognize gain or loss, if any, on the deemed distribution of the assets to the extent required by Internal Revenue Code section 731(a). 2009 turbo tax See Partnership Distributions in Publication 541. 2009 turbo tax Example 2. 2009 turbo tax George and Henrietta are members of an LLC classified as a partnership for federal tax purposes. 2009 turbo tax Each holds an equal membership interest. 2009 turbo tax The LLC does not hold any unrealized receivables or substantially appreciated inventory. 2009 turbo tax George and Henrietta each sell their entire interests in the LLC to Ian, an unrelated person, in exchange for $10,000. 2009 turbo tax After the sale, the business is continued by the LLC, which is owned solely by Ian. 2009 turbo tax No entity classification election is made after the sale to treat the LLC as a corporation for federal tax purposes. 2009 turbo tax The partnership terminates when Ian purchases the entire interests of George and Henrietta in the LLC. 2009 turbo tax George and Henrietta must report gain or loss, if any, resulting from the sale of their partnership interests. 2009 turbo tax For purposes of classifying the acquisition by Ian, the partnership is deemed to make a liquidating distribution of its assets to George and Henrietta. 2009 turbo tax Immediately following this distribution, Ian is deemed to acquire, by purchase, all of the former partnership's assets. 2009 turbo tax   For more details on the preceding two examples, see Revenue Ruling 99-6, 1999-6 I. 2009 turbo tax R. 2009 turbo tax B. 2009 turbo tax 6. 2009 turbo tax You can find Revenue Ruling 99-6 at www. 2009 turbo tax irs. 2009 turbo tax gov/pub/irs-irbs/irb99-06. 2009 turbo tax pdf. 2009 turbo tax LLCs Classified as Disregarded Entities If an LLC has only one member and is classified as an entity disregarded as separate from its owner, its income, deductions, gains, losses, and credits are reported on the owner's income tax return. 2009 turbo tax For example, if the owner of the LLC is an individual, the LLC's income and expenses would be reported on the following schedules filed with the owner's Form 1040: Schedule C, Profit or Loss from Business (Sole Proprietorship); Schedule C-EZ, Net Profit From Business (Sole Proprietorship); Schedule E, Supplemental Income and Loss; or Schedule F, Profit or Loss From Farming. 2009 turbo tax Employment tax and certain excise taxes. 2009 turbo tax   A single-member LLC that is classified as a disregarded entity for income tax purposes is treated as a separate entity for purposes of employment tax and certain excise taxes. 2009 turbo tax For wages paid after January 1, 2009, the single-member LLC is required to use its name and employer identification number (EIN) for reporting and payment of employment taxes. 2009 turbo tax A single-member LLC is also required to use its name and EIN to register for excise tax activities on Form 637; pay and report excise taxes reported on Forms 720, 730, 2290, and 11-C; and claim any refunds, credits, and payments on Form 8849. 2009 turbo tax See the employment and excise tax returns for more information. 2009 turbo tax Self-employment tax rule for disregarded entity LLCs. 2009 turbo tax   An individual owner of a single-member LLC classified as a disregarded entity is not an employee of the LLC. 2009 turbo tax Instead, the owner is subject to tax on the net earnings from self-employment of the LLC which is treated in the same manner as a sole-proprietorship. 2009 turbo tax Example 3. 2009 turbo tax LLC is a disregarded entity owned by Irene. 2009 turbo tax LLC has three employees (Kent, Patricia, and Tex) and pays wages. 2009 turbo tax LLC is treated as an entity separate from its owner for purposes of employment taxes. 2009 turbo tax For the wages paid to Kent, Patricia, and Tex, LLC is liable for income tax withholding, Federal Insurance Contributions Act (FICA) taxes, and Federal Unemployment Tax Act (FUTA) taxes. 2009 turbo tax In addition, LLC must file under its name and EIN the applicable employment tax returns; make timely employment tax deposits; and file with the Social Security Administration and furnish to LLC's employees (Kent, Patricia, and Tex) Forms W-2, Wage and Tax Statement. 2009 turbo tax Irene is self-employed for purposes of the self-employment tax. 2009 turbo tax Thus, Irene is subject to self-employment tax on her net earnings from self-employment with respect to LLC's activities. 2009 turbo tax Irene is not an employee of LLC for purposes of employment taxes. 2009 turbo tax Because LLC is treated as a sole proprietorship of Irene for income tax purposes, Irene must report the income and expenses from LLC on her Schedule C. 2009 turbo tax Irene will figure the tax due on her net earnings from self-employment on Schedule SE. 2009 turbo tax Irene can also deduct one-half of her self-employment tax on line 27 of her Form 1040. 2009 turbo tax Taxpayer identification number. 2009 turbo tax   For all income tax purposes, a single-member LLC classified as a disregarded entity must use the owner's social security number (SSN) or EIN. 2009 turbo tax This includes all information returns and reporting related to income tax. 2009 turbo tax For example, if a disregarded entity LLC that is owned by an individual is required to provide a Form W-9, Request for Taxpayer Identification Number and Certification, the LLC must provide the owner's SSN or EIN, not the LLC's EIN. 2009 turbo tax   However, most new single-member LLCs classified as a disregarded entity will need to obtain an EIN for the LLC. 2009 turbo tax An LLC will need an EIN if it has any employees or if it will be required to file any of the excise tax forms listed above (see Employment tax and certain excise taxes earlier). 2009 turbo tax See Form SS-4, Application for Employer Identification Number, for information on applying for an EIN. 2009 turbo tax Change in default classification. 2009 turbo tax   If a single-member LLC classified as a disregarded entity for income tax purposes acquires an additional member, it becomes a partnership under Regulations section 301. 2009 turbo tax 7701-3(f)(2). 2009 turbo tax However, if the LLC has made an election to be classified as a corporation (discussed later) and that elective classification is in effect at the time of the change in membership, the default classification as a partnership will not apply. 2009 turbo tax   Other tax consequences of a change in membership, such as recognition of gain or loss, are determined by the transactions through which an interest in the LLC is acquired or disposed of. 2009 turbo tax If a disregarded entity that becomes a partnership as a result of an increase in the number of members makes an election to be classified as a corporation, the applicable deemed transactions discussed in Subsequent Elections, later, apply. 2009 turbo tax Example 4. 2009 turbo tax Bart, who is not related to Alain, buys 50% of Alain's interest in an LLC that is a disregarded entity for $5,000. 2009 turbo tax Alain does not contribute any portion of the $5,000 to the LLC. 2009 turbo tax Alain and Bart continue to operate the business of the LLC as co-owners of the LLC. 2009 turbo tax The LLC is converted to a partnership when the new member, Bart, buys an interest in the disregarded entity from the owner, Alain. 2009 turbo tax Bart's buying a 50% interest in Alain's ownership interest in the LLC is treated as Bart's buying a 50% interest in each of the LLC's assets, which are treated as owned directly by Alain for federal income tax purposes. 2009 turbo tax Immediately thereafter, Alain and Bart are treated as contributing their respective interests in those assets to a partnership in exchange for ownership interests in the partnership. 2009 turbo tax Alain recognizes gain or loss from the deemed sale to Bart of the 50% interest in the assets. 2009 turbo tax Neither Alain nor Bart recognizes any gain or loss as a result of the deemed contribution of the assets to the partnership. 2009 turbo tax Example 5. 2009 turbo tax Charles, who is not related to Danielle, contributes $10,000 to an LLC owned by Danielle for a 50% ownership interest in the LLC. 2009 turbo tax The LLC uses all of the contributed cash in its business. 2009 turbo tax Charles and Danielle continue to operate the business of the LLC as co-owners of the LLC. 2009 turbo tax The LLC is converted from a disregarded entity to a partnership when Charles contributes cash to the LLC. 2009 turbo tax Charles's contribution is treated as a contribution to a partnership in exchange for an ownership interest in the partnership. 2009 turbo tax Danielle is treated as contributing all of the assets of the LLC to the partnership in exchange for a partnership interest. 2009 turbo tax Neither Charles nor Danielle recognizes gain or loss as a result of the conversion of the disregarded entity to a partnership. 2009 turbo tax   For more details on the preceding two examples, see Revenue Ruling 99-5, 1999-6 I. 2009 turbo tax R. 2009 turbo tax B. 2009 turbo tax 8. 2009 turbo tax You can find Revenue Ruling 99-5 at www. 2009 turbo tax irs. 2009 turbo tax gov/pub/irs-irbs/irb99-06. 2009 turbo tax pdf. 2009 turbo tax LLCs Classified as Corporations An LLC with either a single member or more than one member can elect to be classified as a corporation rather than be classified as a partnership or disregarded entity under the default rules discussed earlier. 2009 turbo tax File Form 8832, Entity Classification Election, to elect classification as a C corporation. 2009 turbo tax File Form 2553, Election by a Small Business Corporation, to elect classification as an S corporation. 2009 turbo tax LLCs electing classification as an S corporation are not required to file Form 8832 to elect classification as a corporation before filing Form 2553. 2009 turbo tax By filing Form 2553, an LLC is deemed to have elected classification as a corporation in addition to the S corporation classification. 2009 turbo tax If the LLC elects to be classified as a corporation by filing Form 8832, a copy of the LLC's Form 8832 must be attached to the federal income tax return of each direct and indirect owner of the LLC for the tax year of the owner that includes the date on which the election took effect. 2009 turbo tax Example 6. 2009 turbo tax Classification as a corporation without an S election. 2009 turbo tax Wanda and Sylvester are members of an LLC. 2009 turbo tax They agree that the LLC should be classified as a corporation but do not want to elect to have the LLC be treated as an S corporation. 2009 turbo tax The LLC must file Form 8832. 2009 turbo tax Example 7. 2009 turbo tax Classification as a corporation with an S election. 2009 turbo tax Evelyn and Carol are members of an LLC. 2009 turbo tax They agree that the LLC should be classified as an S corporation. 2009 turbo tax The LLC must file Form 2553 instead of Form 8832. 2009 turbo tax If the LLC is classified as a corporation, it must file a corporation income tax return. 2009 turbo tax If it is a C corporation, it is taxed on its taxable income and distributions to the members are includible in the members' gross income to the extent of the corporation's earnings and profits (double taxation). 2009 turbo tax If it is an S corporation, the corporation is generally not subject to any income tax and the income, deductions, gains, losses, and credits of the corporation “pass through” to the members. 2009 turbo tax Corporations generally file either: Form 1120, U. 2009 turbo tax S. 2009 turbo tax Corporation Income Tax Return; or Form 1120S, U. 2009 turbo tax S. 2009 turbo tax Income Tax Return for an S Corporation. 2009 turbo tax For more information on the income taxation of corporations and their shareholders, see Publication 542, Corporations. 2009 turbo tax For more information on the income taxation of S corporations and their shareholders, see the Instructions for Form 1120S, U. 2009 turbo tax S. 2009 turbo tax Income Tax Return for an S Corporation. 2009 turbo tax Subsequent Elections An LLC can elect to change its classification. 2009 turbo tax Generally, once an LLC has elected to change its classification, it cannot elect again to change it classification during the 60 months after the effective date of the election. 2009 turbo tax An election by a newly formed LLC that is effective on the date of formation is not considered a change for purposes of this limitation. 2009 turbo tax For more information and exceptions, see Regulations section 301. 2009 turbo tax 7701-3(c) and the Form 8832 instructions. 2009 turbo tax An election to change classification can have significant tax consequences based on the following transactions that are deemed to occur as a result of the election. 2009 turbo tax Partnership to corporation. 2009 turbo tax   An election to change classification from a partnership to a corporation will be treated as if the partnership contributed all of its assets and liabilities to the corporation in exchange for stock and the partnership then immediately liquidated by distributing the stock to its partners. 2009 turbo tax   For more information, see Partnership Distributions in Publication 541 and Property Exchanged for Stock in Publication 542. 2009 turbo tax Corporation to partnership. 2009 turbo tax   An election to change classification from a corporation to a partnership will be treated as if the corporation distributed all of its assets and liabilities to its shareholders in liquidation and the shareholders then immediately contributed all of the distributed assets and liabilities to a new partnership. 2009 turbo tax   For more information, see Contribution of Property in Publication 541 and Distributions to Shareholders in Publication 542. 2009 turbo tax Corporation to disregarded entity. 2009 turbo tax   An election to change classification from a corporation to a disregarded entity will be treated as if the corporation distributed all of its assets and liabilities to its single owner in liquidation. 2009 turbo tax   For more information, see Distributions to Shareholders in Publication 542. 2009 turbo tax Disregarded entity to corporation. 2009 turbo tax   An election to change classification from a disregarded entity to a corporation will be treated as if the owner of the disregarded entity contributed all of the assets and liabilities to the corporation in exchange for stock. 2009 turbo tax   For more information, see Property Exchanged for Stock in Publication 542. 2009 turbo tax How To Get More Information This section describes the help the IRS and other federal agencies offer to taxpayers who operate their own businesses. 2009 turbo tax Internal Revenue Service You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. 2009 turbo tax By selecting the method that is best for you, you will have quick and easy access to tax help. 2009 turbo tax Contacting your Taxpayer Advocate. 2009 turbo tax   The Taxpayer Advocate Service (TAS) is an independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal channels, or who believe that an IRS system or procedure is not working as it should. 2009 turbo tax   You can contact the TAS by calling the TAS toll-free case intake line at 1-877-777-4778 or TTY/TDD 1-800-829-4059 to see if you are eligible for assistance. 2009 turbo tax You can also call or write to your local taxpayer advocate, whose phone number and address are listed in your local telephone directory and in Publication 1546, Taxpayer Advocate Service — Your Voice at the IRS. 2009 turbo tax You can file Form 911, Request for Taxpayer Advocate Service Assistance (And Application for Taxpayer Assistance Order), or ask an IRS employee to complete it on your behalf. 2009 turbo tax For more information, go to www. 2009 turbo tax irs. 2009 turbo tax gov/advocate. 2009 turbo tax Low Income Taxpayer Clinics (LITCs). 2009 turbo tax   LITCs are independent organizations that provide low income taxpayers with representation in federal tax controversies with the IRS for free or for a nominal charge. 2009 turbo tax The clinics also provide tax education and outreach for taxpayers with limited English proficiency or who speak English as a second language. 2009 turbo tax Publication 4134, Low Income Taxpayer Clinic List, provides information on clinics in your area. 2009 turbo tax It is available at www. 2009 turbo tax irs. 2009 turbo tax gov or at your local IRS office. 2009 turbo tax Small business workshops. 2009 turbo tax   Small business workshops are designed to help the small business owner understand and fulfill their federal tax responsibilities. 2009 turbo tax Workshops are sponsored and presented by IRS partners who are federal tax specialists. 2009 turbo tax Workshop topics vary from a general overview of taxes to more specific topics such as recordkeeping and retirement plans. 2009 turbo tax Although most are free, some workshops have fees associated with them. 2009 turbo tax Any fees charged for a workshop are paid to the sponsoring organization, not the IRS. 2009 turbo tax   For more information, visit www. 2009 turbo tax irs. 2009 turbo tax gov/businesses/small. 2009 turbo tax Subscribe to e-news for small businesses. 2009 turbo tax   Join the e-News for Small Businesses mailing list to receive updates, reminders, and other information useful to small business owners and self employed individuals. 2009 turbo tax Visit the website at www. 2009 turbo tax irs. 2009 turbo tax gov/businesses/small and click on “Subscribe to e-News. 2009 turbo tax ” Free tax services. 2009 turbo tax   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. 2009 turbo tax It contains a list of free tax publications and describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. 2009 turbo tax   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with disabilities. 2009 turbo tax Internet. 2009 turbo tax You can access the IRS website at www. 2009 turbo tax irs. 2009 turbo tax gov 24 hours a day, 7 days a week, to: E-file your return. 2009 turbo tax Find out about commercial tax preparation and e-file services available free to eligible taxpayers. 2009 turbo tax Check the status of your refund. 2009 turbo tax Go to www. 2009 turbo tax irs. 2009 turbo tax gov and click on Where's My Refund. 2009 turbo tax Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. 2009 turbo tax If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). 2009 turbo tax Have your tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. 2009 turbo tax Download forms, instructions, and publications. 2009 turbo tax Order IRS products online. 2009 turbo tax Research your tax questions online. 2009 turbo tax Search publications online by topic or keyword. 2009 turbo tax View Internal Revenue Bulletins (IRBs) published in the last few years. 2009 turbo tax Figure your withholding allowances using the withholding calculator online at www. 2009 turbo tax irs. 2009 turbo tax gov/individuals. 2009 turbo tax Determine if Form 6251 must be filed using our Alternative Minimum Tax (AMT) Assistant. 2009 turbo tax Sign up to receive local and national tax news by email. 2009 turbo tax Get information on starting and operating a small business. 2009 turbo tax Phone. 2009 turbo tax Many services are available by phone. 2009 turbo tax Ordering forms, instructions, and publications. 2009 turbo tax Call 1-800-829-3676 to order current-year forms, instructions, and publications, and prior-year forms and instructions. 2009 turbo tax You should receive your order within 10 days. 2009 turbo tax Asking tax questions. 2009 turbo tax Call the IRS with your tax questions at 1-800-829-1040. 2009 turbo tax Solving problems. 2009 turbo tax You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. 2009 turbo tax An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. 2009 turbo tax Call your local Taxpayer Assistance Center for an appointment. 2009 turbo tax To find the number, go to www. 2009 turbo tax irs. 2009 turbo tax gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. 2009 turbo tax TTY/TDD equipment. 2009 turbo tax If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. 2009 turbo tax TeleTax topics. 2009 turbo tax Call 1-800-829-4477 to listen to pre-recorded messages covering various tax topics. 2009 turbo tax Refund information. 2009 turbo tax To check the status of your 2009 refund, call 1-800-829-1954 during business hours or 1-800-829-4477 (automated refund information 24 hours a day, 7 days a week). 2009 turbo tax Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. 2009 turbo tax If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). 2009 turbo tax Have your 2009 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. 2009 turbo tax Refunds are sent out weekly on Fridays. 2009 turbo tax If you check the status of your refund and are not given the date it will be issued, please wait until the next week before checking back. 2009 turbo tax Evaluating the quality of our telephone services. 2009 turbo tax To ensure IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. 2009 turbo tax One method is for a second IRS representative to listen in on or record random telephone calls. 2009 turbo tax Another is to ask some callers to complete a short survey at the end of the call. 2009 turbo tax Walk-in. 2009 turbo tax Many products and services are available on a walk-in basis. 2009 turbo tax Products. 2009 turbo tax You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. 2009 turbo tax Some IRS offices, libraries, grocery stores, copy centers, city and county government offices, credit unions, and office supply stores have a collection of products available to print from a CD or photocopy from reproducible proofs. 2009 turbo tax Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. 2009 turbo tax Services. 2009 turbo tax You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. 2009 turbo tax An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. 2009 turbo tax If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local Taxpayer Assistance Center where you can spread out your records and talk with an IRS representative face-to-face. 2009 turbo tax No appointment is necessary—just walk in. 2009 turbo tax If you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. 2009 turbo tax A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. 2009 turbo tax If you have an ongoing, complex tax account problem or a special need, such as a disability, an appointment can be requested. 2009 turbo tax All other issues will be handled without an appointment. 2009 turbo tax To find the number of your local office, go to www. 2009 turbo tax irs. 2009 turbo tax gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. 2009 turbo tax Mail. 2009 turbo tax You can send your order for forms, instructions, and publications to the address below. 2009 turbo tax You should receive a response within 10 days after your request is received. 2009 turbo tax Internal Revenue Service1201 N. 2009 turbo tax Mitsubishi MotorwayBloomington, IL 61705–6613 DVD for tax products. 2009 turbo tax You can order Publication 1796, IRS Tax Products DVD, and obtain: Current-year forms, instructions, and publications. 2009 turbo tax Prior-year forms, instructions, and publications. 2009 turbo tax Tax Map: an electronic research tool and finding aid. 2009 turbo tax Tax law frequently asked questions. 2009 turbo tax Tax Topics from the IRS telephone response system. 2009 turbo tax Internal Revenue Code—Title 26 of the U. 2009 turbo tax S. 2009 turbo tax Code. 2009 turbo tax Fill-in, print, and save features for most tax forms. 2009 turbo tax Internal Revenue Bulletins. 2009 turbo tax Toll-free and email technical support. 2009 turbo tax Two releases during the year. 2009 turbo tax – The first release will ship the beginning of January. 2009 turbo tax – The final release will ship the beginning of March. 2009 turbo tax Purchase the DVD from National Technical Information Service (NTIS) at www. 2009 turbo tax irs. 2009 turbo tax gov/cdorders for $30 (no handling fee) or call 1-877-CDFORMS (1-877-233-6767) toll free to buy the DVD for $30 (plus a $6 handling fee). 2009 turbo tax Small Business Administration The Small Business Administration (SBA) offers training and educational programs, counseling services, financial programs, and contract assistance for small business owners. 2009 turbo tax The SBA also has publications and videos on a variety of business topics. 2009 turbo tax The following briefly describes assistance provided by the SBA. 2009 turbo tax Small Business Development Centers (SBDCs). 2009 turbo tax   SBDCs provide counseling, training, and technical services to current and prospective small business owners who cannot afford the services of a private consultant. 2009 turbo tax Help is available when beginning, improving, or expanding a small business. 2009 turbo tax Business Information Centers (BICs). 2009 turbo tax   BICs offer a small business reference library, management video tapes, and computer technology to help plan a business. 2009 turbo tax BICs also offer one-on-one assistance. 2009 turbo tax Individuals who are in business or are interested in starting a business can use BICs as often as they wish at no charge. 2009 turbo tax Service Corps of Retired Executives (SCORE). 2009 turbo tax   SCORE provides small business counseling and training to current and prospective small business owners. 2009 turbo tax SCORE is made up of current and former business people who offer their expertise and knowledge to help people start, manage, and expand a small business. 2009 turbo tax SCORE also offers a variety of small business workshops. 2009 turbo tax    Internet. 2009 turbo tax You can visit the SBA website at www. 2009 turbo tax sba. 2009 turbo tax gov. 2009 turbo tax While visiting the SBA website, you can find a variety of information of interest to small business owners. 2009 turbo tax    Phone. 2009 turbo tax Call the SBA Answer Desk at 1-800-UASK-SBA (1-800-827-5722) for general information about programs available to assist small business owners. 2009 turbo tax    Walk-in. 2009 turbo tax You can walk in to a Small Business Development Center or Business Information Center to request assistance with your small business. 2009 turbo tax To find the location nearest you, visit the SBA website or call the SBA Answer Desk. 2009 turbo tax Other Federal Agencies Other federal agencies also publish publications and pamphlets to assist small businesses. 2009 turbo tax Most of these are available from the Superintendent of Documents at the Government Printing Office. 2009 turbo tax You can get information and order these publications and pamphlets in several ways. 2009 turbo tax Internet. 2009 turbo tax You can visit the GPO website at www. 2009 turbo tax access. 2009 turbo tax gpo. 2009 turbo tax gov. 2009 turbo tax Mail. 2009 turbo tax Write to the GPO at the following address. 2009 turbo tax Superintendent of DocumentsU. 2009 turbo tax S. 2009 turbo tax Government Printing OfficeP. 2009 turbo tax O. 2009 turbo tax Box 979050St. 2009 turbo tax Louis, MO 63917-9000 Phone. 2009 turbo tax Call the GPO toll-free at 1-866-512-1800 or at 202-512-1800 from the Washington, DC area. 2009 turbo tax Prev  Up  Next   Home   More Online Publications
Español

  • Beware of IRS' 2010 'Dirty Dozen' Tax Scams
    The Internal Revenue Service issued its 2010 "dirty dozen" list of tax scams, including schemes involving return preparer fraud, hiding income offshore and phishing. "Taxpayers should be wary of anyone peddling scams that seem too good to be true," IRS Commissioner Doug Shulman said. "The IRS fights fraud by pursuing taxpayers who hide income abroad and by ensuring taxpayers get competent, ethical service from qualified professionals at home in the U.S."
  • Beware of Tax Scams
    The IRS wants taxpayers to be aware of tax scams. These scams are illegal and can lead to problems for taxpayers including significant penalties, interest and possible criminal prosecution. The schemes take several shapes, ranging from promises of large tax refunds to illegal ways of 'untaxing' yourself. Here are three important guidelines to keep in mind.
  • Electronic Federal Tax Payment System Cited in New E-mail Scam
    The Internal Revenue Service is warning taxpayers to be on the lookout for a new e-mail scam that uses the Treasury Department's Electronic Federal Tax Payment System (EFTPS) as a hook to lure individuals into disclosing their personal information. The new e-mail scam, fraught with grammatical errors and typos, looks like a page from IRS.gov and claims to be from the "IRS Antifraud Comission" (sic), a fictitious group. The e-mail claims someone has enrolled the taxpayer's credit card in EFTPS bank account. The e-mail claims money was lost and "remaining founds" (sic) are blocked. Recipients are asked to click on a link that will help them recover their funds, but the subsequent site asks for personal information that the thieves could use to steal the taxpayer's identity.
  • Fraudulent E-Mail Purported to be Representing Congressional Interests
    The fraudulent email is sent from infowhitehouse3@ig.com.br. The author of the email claims to be representing several U.S. Legislative committees including the Senate Committee on Foreign Relations, Senate Committee on Appropriations, House Committee on Appropriations, and the House Committee of International Relations. This e-mail is a hoax. Do not follow the provided link.
  • FTC Cautions Consumers About Tax and Rebate Scams
    The Federal Trade Commission cautions consumers looking forward to rebate checks from the government that they may be targets of scammers out to steal their identity. The schemes work like this: consumers get a call or an e-mail claiming to be from the IRS, the Social Security Administration, or some other government agency, and claiming to need some bit of personal information to process the rebate check. Consumers may be asked to provide their social security number, bank account number, or another piece of personal information that a skillful crook can use to commit identity theft.
  • IRS Alerts Public to New Identity Theft Scams
    The IRS reminds consumers to avoid identity theft scams that use the IRS name, logo or web site in an attempt to convince taxpayers that the scam is a genuine communication from the IRS. Scammers may use other federal agency names, such as the U.S. Department of the Treasury.
  • IRS Warns of Phony e-Mails Claiming to Come from the IRS
    The Internal Revenue Service alerts taxpayers about Internet scams in which fraudulent e-mails are sent that appear to be from the IRS. The e-mails direct the consumer to a Web link that requests personal and financial information, such as Social Security, bank account or credit card numbers. The practice of tricking victims into revealing private personal and financial information over the Internet is known as 'phishing' for information.
  • IRS Warns Taxpayers of New E-mail Scams
    The Internal Revenue Service alterts taxpayers to the latest versions of an e- mail scam intended to fool people into believing they are under investigation by the agency's Criminal Investigation division.
  • Late Tax Scam Discovered; Free File Users Reminded to Use IRS.gov
    The IRS warns of a new tax scam on the Internet that lures taxpayers into filing tax information on a site masquerading as a member of the Free File Alliance. The IRS reminded taxpayers the only place to access the Free File program is through the official IRS.gov Web site.
  • OnGuardOnline.gov Urges Taxpayers to Contact the IRS If They Suspect Tax-Related Identity Theft
    OnGuardOnline.gov is informing consumers that an unexpected message from the Internal Revenue Service (IRS) could be a warning sign that their Social Security number is being misused by an identity thief.
  • Simple Steps Can Prevent Tax Scams as Private Debt Collection Begins
    As the Internal Revenue Service (IRS) begins its private debt collection initiative, the tax agency reminds taxpayers there are several simple steps that can provide protection against scam artists. Scamsters try a variety of tricks to impersonate the IRS in hopes of tricking taxpayers into divulging personal or financial information or even conning people out of cash. Scam artists try to impersonate the IRS in person, by phone, by e-mail and over the Internet.
  • Some Telephone Tax Refund Requests May Be Too High; IRS Will Deny Improper Requests
    TheIRS reported that early filings show some individual taxpayers have requested large and apparently improper amounts for the special telephone tax refund. The IRS is investigating potential abuses in this area and will take prompt action against taxpayers who claim improper refund amounts and the return preparers who help them.
  • Tax Scammers Are Waiting to Take Your Money
    Tax-related scams are on the rise, according to consumer complaints tracked by the National Consumers League's Fraud Center. Reports of tax scams from consumers nearly quadrupled in 2007 from the year before, and the trend seems to be continuing into 2008. This time of year - and with the economy in the shape it's currently in - crooks see vulnerable prey in consumers feeling the squeeze at tax time

The 2009 Turbo Tax

2009 turbo tax Part Two -   Income The eight chapters in this part discuss many kinds of income. 2009 turbo tax They explain which income is and is not taxed. 2009 turbo tax See Part Three for information on gains and losses you report on Form 8949 and Schedule D (Form 1040) and for information on selling your home. 2009 turbo tax Table of Contents 5. 2009 turbo tax   Wages, Salaries, and Other EarningsReminder Introduction Useful Items - You may want to see: Employee CompensationBabysitting. 2009 turbo tax Miscellaneous Compensation Fringe Benefits Retirement Plan Contributions Stock Options Restricted Property Special Rules for Certain EmployeesClergy Members of Religious Orders Foreign Employer Military Volunteers Sickness and Injury BenefitsDisability Pensions Long-Term Care Insurance Contracts Workers' Compensation Other Sickness and Injury Benefits 6. 2009 turbo tax   Tip IncomeIntroduction Useful Items - You may want to see: Keeping a Daily Tip RecordElectronic tip record. 2009 turbo tax Reporting Tips to Your EmployerElectronic tip statement. 2009 turbo tax Final report. 2009 turbo tax Reporting Tips on Your Tax Return Allocated Tips 7. 2009 turbo tax   Interest IncomeReminder Introduction Useful Items - You may want to see: General InformationSSN for joint account. 2009 turbo tax Custodian account for your child. 2009 turbo tax Penalty for failure to supply SSN. 2009 turbo tax Reporting backup withholding. 2009 turbo tax Savings account with parent as trustee. 2009 turbo tax Interest not reported on Form 1099-INT. 2009 turbo tax Nominees. 2009 turbo tax Incorrect amount. 2009 turbo tax Information reporting requirement. 2009 turbo tax Taxable InterestInterest subject to penalty for early withdrawal. 2009 turbo tax Money borrowed to invest in certificate of deposit. 2009 turbo tax U. 2009 turbo tax S. 2009 turbo tax Savings Bonds Education Savings Bond Program U. 2009 turbo tax S. 2009 turbo tax Treasury Bills, Notes, and Bonds Bonds Sold Between Interest Dates Insurance State or Local Government Obligations Original Issue Discount (OID) When To Report Interest IncomeConstructive receipt. 2009 turbo tax How To Report Interest IncomeSchedule B (Form 1040A or 1040). 2009 turbo tax Reporting tax-exempt interest. 2009 turbo tax U. 2009 turbo tax S. 2009 turbo tax savings bond interest previously reported. 2009 turbo tax 8. 2009 turbo tax   Dividends and Other DistributionsReminder Introduction Useful Items - You may want to see: General InformationDividends not reported on Form 1099-DIV. 2009 turbo tax Reporting tax withheld. 2009 turbo tax Nominees. 2009 turbo tax Ordinary DividendsQualified Dividends Dividends Used to Buy More Stock Money Market Funds Capital Gain DistributionsBasis adjustment. 2009 turbo tax Nondividend DistributionsLiquidating Distributions Distributions of Stock and Stock Rights Other DistributionsInformation reporting requirement. 2009 turbo tax Alternative minimum tax treatment. 2009 turbo tax How To Report Dividend IncomeInvestment interest deducted. 2009 turbo tax 9. 2009 turbo tax   Rental Income and ExpensesIntroduction Useful Items - You may want to see: Rental Income Rental ExpensesVacant while listed for sale. 2009 turbo tax Repairs and Improvements Other Expenses Property Changed to Rental Use Renting Part of Property Not Rented for Profit Personal Use of Dwelling Unit (Including Vacation Home)Example. 2009 turbo tax Dividing Expenses Dwelling Unit Used as a Home Reporting Income and Deductions DepreciationChanging your accounting method to deduct unclaimed depreciation. 2009 turbo tax Limits on Rental LossesAt-Risk Rules Passive Activity Limits How To Report Rental Income and ExpensesSchedule E (Form 1040) 10. 2009 turbo tax   Retirement Plans, Pensions, and AnnuitiesWhat's New Reminder IntroductionThe General Rule. 2009 turbo tax Individual retirement arrangements (IRAs). 2009 turbo tax Civil service retirement benefits. 2009 turbo tax Useful Items - You may want to see: General InformationIn-plan rollovers to designated Roth accounts. 2009 turbo tax How To Report Cost (Investment in the Contract) Taxation of Periodic PaymentsExclusion limited to cost. 2009 turbo tax Exclusion not limited to cost. 2009 turbo tax Simplified Method Taxation of Nonperiodic PaymentsLump-Sum Distributions RolloversIn-plan rollovers to designated Roth accounts. 2009 turbo tax Special Additional TaxesTax on Early Distributions Tax on Excess Accumulation Survivors and Beneficiaries 11. 2009 turbo tax   Social Security and Equivalent Railroad Retirement BenefitsIntroduction Useful Items - You may want to see: Are Any of Your Benefits Taxable? How To Report Your BenefitsHow Much Is Taxable? Examples Deductions Related to Your BenefitsRepayments More Than Gross Benefits 12. 2009 turbo tax   Other IncomeIntroduction Useful Items - You may want to see: Bartering Canceled DebtsInterest included in canceled debt. 2009 turbo tax Exceptions Host or Hostess Life Insurance ProceedsSurviving spouse. 2009 turbo tax Endowment Contract Proceeds Accelerated Death Benefits Public Safety Officer Killed in the Line of Duty Partnership Income S Corporation Income RecoveriesItemized Deduction Recoveries Rents from Personal Property RepaymentsMethod 1. 2009 turbo tax Method 2. 2009 turbo tax RoyaltiesDepletion. 2009 turbo tax Coal and iron ore. 2009 turbo tax Sale of property interest. 2009 turbo tax Part of future production sold. 2009 turbo tax Unemployment BenefitsTypes of unemployment compensation. 2009 turbo tax Governmental program. 2009 turbo tax Repayment of unemployment compensation. 2009 turbo tax Tax withholding. 2009 turbo tax Repayment of benefits. 2009 turbo tax Welfare and Other Public Assistance Benefits Other IncomeEmotional distress. 2009 turbo tax Deduction for costs involved in unlawful discrimination suits. 2009 turbo tax Energy conservation measure. 2009 turbo tax Dwelling unit. 2009 turbo tax Current income required to be distributed. 2009 turbo tax Current income not required to be distributed. 2009 turbo tax How to report. 2009 turbo tax Losses. 2009 turbo tax Grantor trust. 2009 turbo tax Nonemployee compensation. 2009 turbo tax Corporate director. 2009 turbo tax Personal representatives. 2009 turbo tax Manager of trade or business for bankruptcy estate. 2009 turbo tax Notary public. 2009 turbo tax Election precinct official. 2009 turbo tax Difficulty-of-care payments. 2009 turbo tax Maintaining space in home. 2009 turbo tax Reporting taxable payments. 2009 turbo tax Lotteries and raffles. 2009 turbo tax Form W-2G. 2009 turbo tax Reporting winnings and recordkeeping. 2009 turbo tax Inherited pension or IRA. 2009 turbo tax Employee awards or bonuses. 2009 turbo tax Pulitzer, Nobel, and similar prizes. 2009 turbo tax Payment for services. 2009 turbo tax VA payments. 2009 turbo tax Prizes. 2009 turbo tax Strike and lockout benefits. 2009 turbo tax Prev  Up  Next   Home   More Online Publications