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2011 Federal Tax Forms 1040

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2011 Federal Tax Forms 1040

2011 federal tax forms 1040 6. 2011 federal tax forms 1040   How To Get Tax Help Table of Contents Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. 2011 federal tax forms 1040 Free help with your return. 2011 federal tax forms 1040   You can get free help preparing your return nationwide from IRS-certified volunteers. 2011 federal tax forms 1040 The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. 2011 federal tax forms 1040 The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. 2011 federal tax forms 1040 Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. 2011 federal tax forms 1040 In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. 2011 federal tax forms 1040 To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. 2011 federal tax forms 1040 gov, download the IRS2Go app, or call 1-800-906-9887. 2011 federal tax forms 1040   As part of the TCE program, AARP offers the Tax-Aide counseling program. 2011 federal tax forms 1040 To find the nearest AARP Tax-Aide site, visit AARP's website at www. 2011 federal tax forms 1040 aarp. 2011 federal tax forms 1040 org/money/taxaide or call 1-888-227-7669. 2011 federal tax forms 1040 For more information on these programs, go to IRS. 2011 federal tax forms 1040 gov and enter “VITA” in the search box. 2011 federal tax forms 1040   For more information on these programs, go to IRS. 2011 federal tax forms 1040 gov and enter “VITA” in the search box. 2011 federal tax forms 1040 Internet. 2011 federal tax forms 1040    IRS. 2011 federal tax forms 1040 gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. 2011 federal tax forms 1040 Download the free IRS2Go app from the iTunes app store or from Google Play. 2011 federal tax forms 1040 Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. 2011 federal tax forms 1040 Check the status of your 2013 refund with the Where's My Refund? application on IRS. 2011 federal tax forms 1040 gov or download the IRS2Go app and select the Refund Status option. 2011 federal tax forms 1040 The IRS issues more than 9 out of 10 refunds in less than 21 days. 2011 federal tax forms 1040 Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. 2011 federal tax forms 1040 You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. 2011 federal tax forms 1040 The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. 2011 federal tax forms 1040 Use the Interactive Tax Assistant (ITA) to research your tax questions. 2011 federal tax forms 1040 No need to wait on the phone or stand in line. 2011 federal tax forms 1040 The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. 2011 federal tax forms 1040 When you reach the response screen, you can print the entire interview and the final response for your records. 2011 federal tax forms 1040 New subject areas are added on a regular basis. 2011 federal tax forms 1040  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. 2011 federal tax forms 1040 gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. 2011 federal tax forms 1040 You can use the IRS Tax Map, to search publications and instructions by topic or keyword. 2011 federal tax forms 1040 The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. 2011 federal tax forms 1040 When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. 2011 federal tax forms 1040 Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. 2011 federal tax forms 1040 You can also ask the IRS to mail a return or an account transcript to you. 2011 federal tax forms 1040 Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. 2011 federal tax forms 1040 gov or by calling 1-800-908-9946. 2011 federal tax forms 1040 Tax return and tax account transcripts are generally available for the current year and the past three years. 2011 federal tax forms 1040 Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. 2011 federal tax forms 1040 Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. 2011 federal tax forms 1040 If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. 2011 federal tax forms 1040 Check the status of your amended return using Where's My Amended Return? Go to IRS. 2011 federal tax forms 1040 gov and enter Where's My Amended Return? in the search box. 2011 federal tax forms 1040 You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. 2011 federal tax forms 1040 It can take up to 3 weeks from the date you mailed it to show up in our system. 2011 federal tax forms 1040 Make a payment using one of several safe and convenient electronic payment options available on IRS. 2011 federal tax forms 1040 gov. 2011 federal tax forms 1040 Select the Payment tab on the front page of IRS. 2011 federal tax forms 1040 gov for more information. 2011 federal tax forms 1040 Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. 2011 federal tax forms 1040 Figure your income tax withholding with the IRS Withholding Calculator on IRS. 2011 federal tax forms 1040 gov. 2011 federal tax forms 1040 Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. 2011 federal tax forms 1040 Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. 2011 federal tax forms 1040 gov. 2011 federal tax forms 1040 Request an Electronic Filing PIN by going to IRS. 2011 federal tax forms 1040 gov and entering Electronic Filing PIN in the search box. 2011 federal tax forms 1040 Download forms, instructions and publications, including accessible versions for people with disabilities. 2011 federal tax forms 1040 Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. 2011 federal tax forms 1040 gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. 2011 federal tax forms 1040 An employee can answer questions about your tax account or help you set up a payment plan. 2011 federal tax forms 1040 Before you visit, check the Office Locator on IRS. 2011 federal tax forms 1040 gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. 2011 federal tax forms 1040 If you have a special need, such as a disability, you can request an appointment. 2011 federal tax forms 1040 Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. 2011 federal tax forms 1040 Apply for an Employer Identification Number (EIN). 2011 federal tax forms 1040 Go to IRS. 2011 federal tax forms 1040 gov and enter Apply for an EIN in the search box. 2011 federal tax forms 1040 Read the Internal Revenue Code, regulations, or other official guidance. 2011 federal tax forms 1040 Read Internal Revenue Bulletins. 2011 federal tax forms 1040 Sign up to receive local and national tax news and more by email. 2011 federal tax forms 1040 Just click on “subscriptions” above the search box on IRS. 2011 federal tax forms 1040 gov and choose from a variety of options. 2011 federal tax forms 1040 Phone. 2011 federal tax forms 1040    You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. 2011 federal tax forms 1040 Download the free IRS2Go app from the iTunes app store or from Google Play. 2011 federal tax forms 1040 Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. 2011 federal tax forms 1040 gov, or download the IRS2Go app. 2011 federal tax forms 1040 Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. 2011 federal tax forms 1040 The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. 2011 federal tax forms 1040 Most VITA and TCE sites offer free electronic filing. 2011 federal tax forms 1040 Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. 2011 federal tax forms 1040 Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. 2011 federal tax forms 1040 Call the automated Where's My Refund? information hotline to check the status of your 2013 refund 24 hours a day, 7 days a week at 1-800-829-1954. 2011 federal tax forms 1040 If you e-file, you can start checking on the status of your return within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. 2011 federal tax forms 1040 The IRS issues more than 9 out of 10 refunds in less than 21 days. 2011 federal tax forms 1040 Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. 2011 federal tax forms 1040 Before you call this automated hotline, have your 2013 tax return handy so you can enter your social security number, your filing status, and the exact whole dollar amount of your refund. 2011 federal tax forms 1040 The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. 2011 federal tax forms 1040 Note, the above information is for our automated hotline. 2011 federal tax forms 1040 Our live phone and walk-in assistors can research the status of your refund only if it's been 21 days or more since you filed electronically or more than 6 weeks since you mailed your paper return. 2011 federal tax forms 1040 Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. 2011 federal tax forms 1040 You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. 2011 federal tax forms 1040 It can take up to 3 weeks from the date you mailed it to show up in our system. 2011 federal tax forms 1040 Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, publications, and prior-year forms and instructions (limited to 5 years). 2011 federal tax forms 1040 You should receive your order within 10 business days. 2011 federal tax forms 1040 Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. 2011 federal tax forms 1040 If, between January and April 15, you still have questions about the Form 1040, 1040A, or 1040EZ (like filing requirements, dependents, credits, Schedule D, pensions and IRAs or self-employment taxes), call 1-800-829-1040. 2011 federal tax forms 1040 Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. 2011 federal tax forms 1040 The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. 2011 federal tax forms 1040 These individuals can also contact the IRS through relay services such as the Federal Relay Service. 2011 federal tax forms 1040 Walk-in. 2011 federal tax forms 1040   You can find a selection of forms, publications and services — in-person. 2011 federal tax forms 1040 Products. 2011 federal tax forms 1040 You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. 2011 federal tax forms 1040 Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. 2011 federal tax forms 1040 Services. 2011 federal tax forms 1040 You can walk in to your local TAC for face-to-face tax help. 2011 federal tax forms 1040 An employee can answer questions about your tax account or help you set up a payment plan. 2011 federal tax forms 1040 Before visiting, use the Office Locator tool on IRS. 2011 federal tax forms 1040 gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. 2011 federal tax forms 1040 Mail. 2011 federal tax forms 1040   You can send your order for forms, instructions, and publications to the address below. 2011 federal tax forms 1040 You should receive a response within 10 business days after your request is received. 2011 federal tax forms 1040 Internal Revenue Service 1201 N. 2011 federal tax forms 1040 Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. 2011 federal tax forms 1040 The Taxpayer Advocate Service (TAS) is your voice at the IRS. 2011 federal tax forms 1040 Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. 2011 federal tax forms 1040   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. 2011 federal tax forms 1040 We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. 2011 federal tax forms 1040 You face (or your business is facing) an immediate threat of adverse action. 2011 federal tax forms 1040 You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. 2011 federal tax forms 1040   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. 2011 federal tax forms 1040 Here's why we can help: TAS is an independent organization within the IRS. 2011 federal tax forms 1040 Our advocates know how to work with the IRS. 2011 federal tax forms 1040 Our services are free and tailored to meet your needs. 2011 federal tax forms 1040 We have offices in every state, the District of Columbia, and Puerto Rico. 2011 federal tax forms 1040   How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at Taxpayer Advocate, or call us toll-free at 1-877-777-4778. 2011 federal tax forms 1040   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. 2011 federal tax forms 1040 If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. 2011 federal tax forms 1040 Low Income Taxpayer Clinics   Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals and tax collection disputes. 2011 federal tax forms 1040 Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. 2011 federal tax forms 1040 Visit Taxpayer Advocate or see IRS Publication 4134, Low Income Taxpayer Clinic List. 2011 federal tax forms 1040 Prev  Up  Next   Home   More Online Publications
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The 2011 Federal Tax Forms 1040

2011 federal tax forms 1040 Publication 595 - Main Contents Table of Contents Capital Construction FundCCF Accounts Types of Accounts You Must Maintain Within a CCF Tax Treatment of CCF Deposits Tax Treatment of CCF Earnings Tax Treatment of CCF Withdrawals More Information How To Get Tax Help Capital Construction Fund The following sections discuss CCF accounts and the types of bookkeeping accounts you must maintain when you invest in a CCF account. 2011 federal tax forms 1040 They also discuss the income tax treatment of CCF deposits, earnings, and withdrawals. 2011 federal tax forms 1040 CCF Accounts This section explains who can open a CCF account and how to use the account to defer income tax. 2011 federal tax forms 1040 Opening a CCF account. 2011 federal tax forms 1040   If you are a U. 2011 federal tax forms 1040 S. 2011 federal tax forms 1040 citizen and you own or lease one or more eligible vessels (defined later), you can open a CCF account. 2011 federal tax forms 1040 However, before you open your CCF account, you must enter into an agreement with the Secretary of Commerce through the NMFS. 2011 federal tax forms 1040 This agreement will establish the following. 2011 federal tax forms 1040 Agreement vessels. 2011 federal tax forms 1040 Eligible vessels named in the agreement that will be the basis for the deferral of income tax. 2011 federal tax forms 1040 Planned use of withdrawals. 2011 federal tax forms 1040 Use of CCF funds to acquire, build, or rebuild a vessel. 2011 federal tax forms 1040 CCF depository. 2011 federal tax forms 1040 Where your CCF funds will be held. 2011 federal tax forms 1040    You can request an application kit or get additional information from NMFS at the following address. 2011 federal tax forms 1040 NOAA/NMFS, Financial Services Division, F/MB5 Capital Construction Fund Program 1315 East-West Highway Silver Spring, MD 20910-3282    You can obtain information on the Capital Construction Fund Program at the following website: www. 2011 federal tax forms 1040 nmfs. 2011 federal tax forms 1040 noaa. 2011 federal tax forms 1040 gov/mb/financial_services/ccf. 2011 federal tax forms 1040 htm. 2011 federal tax forms 1040    You can call NMFS to request an application kit or get additional information at (301) 713-2393 (ext. 2011 federal tax forms 1040 204). 2011 federal tax forms 1040 Their fax number is (301) 713-1939. 2011 federal tax forms 1040 Eligible vessels. 2011 federal tax forms 1040   There are two types of vessels that may be considered eligible, those weighing 5 tons or more and those weighing less than 5 tons. 2011 federal tax forms 1040 For each type, certain requirements must be met. 2011 federal tax forms 1040 Vessel weighing 5 tons or more. 2011 federal tax forms 1040   To be considered eligible, the vessel must meet all the following requirements. 2011 federal tax forms 1040 Be built or rebuilt in the United States. 2011 federal tax forms 1040 Be documented under the laws of the United States. 2011 federal tax forms 1040 Be used commercially in the fisheries of the United States. 2011 federal tax forms 1040 Be operated in the foreign or domestic commerce of the United States. 2011 federal tax forms 1040 Vessel weighing less than 5 tons. 2011 federal tax forms 1040   A small vessel, weighing at least 2 net tons but less than 5 net tons, must meet all the following requirements to be considered eligible. 2011 federal tax forms 1040 Be built or rebuilt in the United States. 2011 federal tax forms 1040 Be owned by a U. 2011 federal tax forms 1040 S. 2011 federal tax forms 1040 citizen. 2011 federal tax forms 1040 Have a home port in the United States. 2011 federal tax forms 1040 Be used commercially in the fisheries of the United States. 2011 federal tax forms 1040 Deferring tax on CCF deposits and earnings. 2011 federal tax forms 1040   You can use a CCF account to defer income tax by taking the following actions. 2011 federal tax forms 1040 Making deposits to your CCF account from taxable income. 2011 federal tax forms 1040 Excluding from income deposits assigned to certain accounts (discussed later). 2011 federal tax forms 1040 Making withdrawals from your CCF account when you acquire, build, or rebuild fishing vessels. 2011 federal tax forms 1040 Reducing the basis of fishing vessels you acquire, build, or rebuild to recapture amounts previously excluded from tax. 2011 federal tax forms 1040    Reporting requirements. 2011 federal tax forms 1040 Beginning with the tax year in which you establish your agreement, you must report annual deposit and withdrawal activity to the NMFS on NOAA Form 34-82. 2011 federal tax forms 1040 This form is due within 30 days after you file your federal income tax return even if no deposits or withdrawals are made. 2011 federal tax forms 1040 For more information, contact the NMFS at the address or phone number given earlier. 2011 federal tax forms 1040 Types of Accounts You Must Maintain Within a CCF This section discusses the three types of bookkeeping accounts you must maintain when you invest in a CCF account. 2011 federal tax forms 1040 Your total CCF deposits and earnings for any given year are limited to the amount attributed to these three accounts for that year. 2011 federal tax forms 1040 Capital account. 2011 federal tax forms 1040   The capital account consists primarily of amounts attributable to the following items. 2011 federal tax forms 1040 Allowable depreciation deductions for agreement vessels. 2011 federal tax forms 1040 Any nontaxable return of capital from either (a) or (b), below. 2011 federal tax forms 1040 The sale or other disposition of agreement vessels. 2011 federal tax forms 1040 Insurance or indemnity proceeds attributable to agreement vessels. 2011 federal tax forms 1040 Any tax-exempt interest earned on state or local bonds in your CCF account. 2011 federal tax forms 1040 Capital gain account. 2011 federal tax forms 1040   The capital gain account consists of amounts attributable to the following items reduced by any capital losses from assets held in your CCF account for more than 6 months. 2011 federal tax forms 1040 Any capital gain from either of the following sources. 2011 federal tax forms 1040 The sale or other disposition of agreement vessels held for more than 6 months. 2011 federal tax forms 1040 Insurance or indemnity proceeds attributable to agreement vessels held for more than 6 months. 2011 federal tax forms 1040 Any capital gain from assets held in your CCF account for more than 6 months. 2011 federal tax forms 1040 Ordinary income account. 2011 federal tax forms 1040   The ordinary income account consists of amounts attributable to the following items. 2011 federal tax forms 1040 Any earnings (without regard to the carryback of any net operating or net capital loss) from the operation of agreement vessels in the fisheries of the United States or in the foreign or domestic commerce of the United States. 2011 federal tax forms 1040 Any capital gain from the following sources reduced by any capital losses from assets held in your CCF account for 6 months or less. 2011 federal tax forms 1040 The sale or other disposition of agreement vessels held for 6 months or less. 2011 federal tax forms 1040 Insurance or indemnity proceeds attributable to agreement vessels held for 6 months or less. 2011 federal tax forms 1040 Any capital gain from assets held in your CCF account for 6 months or less. 2011 federal tax forms 1040 Any ordinary income (such as depreciation recapture) from either of the following sources. 2011 federal tax forms 1040 The sale or other disposition of agreement vessels. 2011 federal tax forms 1040 Insurance or indemnity proceeds attributable to agreement vessels. 2011 federal tax forms 1040 Any interest (not including tax-exempt interest from state and local bonds), most dividends, and other ordinary income earned on the assets in your CCF account. 2011 federal tax forms 1040 Tax Treatment of CCF Deposits This section explains the tax treatment of income used as the basis for CCF deposits. 2011 federal tax forms 1040 Capital gains. 2011 federal tax forms 1040   Do not report any transaction that produces a capital gain if you deposit the net proceeds into your CCF account. 2011 federal tax forms 1040 This treatment applies to either of the following transactions. 2011 federal tax forms 1040 The sale or other disposition of an agreement vessel. 2011 federal tax forms 1040 The receipt of insurance or indemnity proceeds attributable to an agreement vessel. 2011 federal tax forms 1040 Depreciation recapture. 2011 federal tax forms 1040   Do not report any transaction that produces depreciation recapture if you deposit the net proceeds into your CCF account. 2011 federal tax forms 1040 This treatment applies to either of the following transactions. 2011 federal tax forms 1040 The sale or other disposition of an agreement vessel. 2011 federal tax forms 1040 The receipt of insurance or indemnity proceeds attributable to an agreement vessel. 2011 federal tax forms 1040 Earnings from operations. 2011 federal tax forms 1040   Report earnings from the operation of agreement vessels on your Schedule C or C-EZ (Form 1040) even if you deposit part of these earnings into your CCF account. 2011 federal tax forms 1040 You subtract any part of the earnings you deposited into your CCF account from the amount you would otherwise enter as taxable income on Form 1040, line 43 (for 2005). 2011 federal tax forms 1040 Next to line 43, write “CCF” and the amount of the deposits. 2011 federal tax forms 1040 Do not deduct these CCF deposits on Schedule C or C-EZ (Form 1040). 2011 federal tax forms 1040 If you deposit earnings from operations into your CCF account and you must complete other forms such as Form 6251, Alternative Minimum Tax (Individuals), or a worksheet for Schedule D (Form 1040), you will need to make an extra computation. 2011 federal tax forms 1040 When the other form instructs you to use the amount from Form 1040, line 41 (for 2005), do not use that amount. 2011 federal tax forms 1040 Instead, add Form 1040, lines 42 and 43 (for 2005), and use that amount. 2011 federal tax forms 1040 Self-employment tax. 2011 federal tax forms 1040   You must use your net profit or loss from your fishing business to figure your self-employment tax. 2011 federal tax forms 1040 Do not reduce your net profit or loss by any earnings from operations you deposit into your CCF account. 2011 federal tax forms 1040    Partnerships and S corporations. 2011 federal tax forms 1040 The deduction for partnership earnings from operations deposited into a CCF account is separately stated on Schedule K (Form 1065), line 13d, and allocated to the partners on Schedule K-1 (Form 1065), box 13 (for 2005). 2011 federal tax forms 1040   The deduction for S corporation earnings deposited into a CCF account is separately stated on Schedule K (Form 1120S), line 12d, and allocated to the shareholders on Schedule K-1 (Form 1120S), box 12 (for 2005). 2011 federal tax forms 1040 Tax Treatment of CCF Earnings This section explains the tax treatment of the earnings from the assets in your CCF account when the earnings are redeposited or left in your account. 2011 federal tax forms 1040 However, if you choose to withdraw the earnings in the year earned, you must generally pay income tax on them. 2011 federal tax forms 1040 Capital gains. 2011 federal tax forms 1040   Do not report any capital gains from the sale of capital assets held in your CCF account. 2011 federal tax forms 1040 This includes capital gain distributions reported to you on Form 1099-DIV or a substitute statement. 2011 federal tax forms 1040 However, you should attach a statement to your tax return to list the payers and the amounts and to identify the capital gains as “CCF account earnings. 2011 federal tax forms 1040 ” Interest and dividends. 2011 federal tax forms 1040   Do not report any ordinary income (such as interest and dividends) you earn on the assets in your CCF account. 2011 federal tax forms 1040 However, you should attach a statement to your return to list the payers and the amounts and to identify them as “CCF account earnings. 2011 federal tax forms 1040 ”   If you are required to file Schedule B (Form 1040), you can add these earnings to the list of payers and amounts on line 1 or line 5 and identify them as “CCF earnings. 2011 federal tax forms 1040 ” Then, subtract the same amounts from the list and identify them as “CCF deposits. 2011 federal tax forms 1040 ” Tax-exempt interest. 2011 federal tax forms 1040   Do not report tax-exempt interest from state or local bonds you held in your CCF account. 2011 federal tax forms 1040 You are not required to report this interest on Form 1040, line 8b. 2011 federal tax forms 1040 Tax Treatment of CCF Withdrawals This section discusses the tax treatment of amounts you withdraw from your CCF account during the year. 2011 federal tax forms 1040 Qualified Withdrawals A qualified withdrawal from a CCF account is one that is approved by NMFS for either of the following uses. 2011 federal tax forms 1040 Acquiring, building, or rebuilding qualified vessels (defined next). 2011 federal tax forms 1040 Making principal payments on the mortgage of a qualified vessel. 2011 federal tax forms 1040 NMFS will not approve amounts withdrawn to purchase nets not continuously attached to the vessel, such as seine nets, gill set-nets, and gill drift-nets. 2011 federal tax forms 1040 NMFS will approve amounts withdrawn to purchase trawl nets. 2011 federal tax forms 1040 Qualified vessel. 2011 federal tax forms 1040   This is any vessel that meets all of the following requirements. 2011 federal tax forms 1040 The vessel was built or rebuilt in the United States. 2011 federal tax forms 1040 The vessel is documented under the laws of the United States. 2011 federal tax forms 1040 The person maintaining the CCF account agrees with the Secretary of Commerce that the vessel will be operated in United States foreign trade, Great Lakes trade, noncontiguous domestic trade, or the fisheries of the United States. 2011 federal tax forms 1040 How to determine the source of qualified withdrawals. 2011 federal tax forms 1040   When you make a qualified withdrawal, the amount is treated as being withdrawn in the following order from the accounts listed below. 2011 federal tax forms 1040 The capital account. 2011 federal tax forms 1040 The capital gain account. 2011 federal tax forms 1040 The ordinary income account. 2011 federal tax forms 1040 Excluding qualified withdrawals from tax. 2011 federal tax forms 1040   Do not report on your income tax return any qualified withdrawals from your CCF account. 2011 federal tax forms 1040 Reduce the depreciable basis of fishing vessels you acquire, build, or rebuild when you make a qualified withdrawal from either the capital gain or the ordinary income account. 2011 federal tax forms 1040 Nonqualified Withdrawals A nonqualified withdrawal from a CCF account is generally any withdrawal that is not a qualified withdrawal. 2011 federal tax forms 1040 Qualified withdrawals are defined under Qualified Withdrawals, earlier. 2011 federal tax forms 1040 Examples. 2011 federal tax forms 1040   Examples of nonqualified withdrawals include the following amounts from either the ordinary income account or the capital gain account. 2011 federal tax forms 1040 Amounts remaining in a CCF account upon termination of your agreement with NMFS. 2011 federal tax forms 1040 Amounts you withdraw and use to make principal payments on the mortgage of a vessel if the basis of that vessel and the bases of other vessels you own have already been reduced to zero. 2011 federal tax forms 1040 Amounts determined by the IRS to cause your CCF account balance to exceed the amount appropriate to meet your planned use of withdrawals. 2011 federal tax forms 1040 You will generally be given 3 years to revise your plans to cover this excess balance. 2011 federal tax forms 1040 Amounts you leave in your account for more than 25 years. 2011 federal tax forms 1040 There is a graduated schedule under which the percentage applied to determine the amount of the nonqualified withdrawal increases from 20% in the 26th year to 100% in the 30th year. 2011 federal tax forms 1040 How to determine the source of nonqualified withdrawals. 2011 federal tax forms 1040    When you make a nonqualified withdrawal from your CCF account, the amount is treated as being withdrawn in the following order from the accounts listed below. 2011 federal tax forms 1040 The ordinary income account. 2011 federal tax forms 1040 The capital gain account. 2011 federal tax forms 1040 The capital account. 2011 federal tax forms 1040 Paying tax on nonqualified withdrawals. 2011 federal tax forms 1040   In general, nonqualified withdrawals are taxed separately from your other gross income and at the highest marginal tax rate in effect for the year of withdrawal. 2011 federal tax forms 1040 However, nonqualified withdrawals treated as made from the capital gain account are taxed at a rate that cannot exceed 15% for individuals and 34% for corporations. 2011 federal tax forms 1040    Partnerships and S corporations. 2011 federal tax forms 1040 Taxable nonqualified partnership withdrawals are separately stated on Schedule K (Form 1065), line 20c, and allocated to the partners on Schedule K-1 (Form 1065), box 20 (for 2005). 2011 federal tax forms 1040 Taxable nonqualified withdrawals by an S corporation are separately stated on Schedule K (Form 1120S), line 17d, and allocated to the shareholders on Schedule K-1 (Form 1120S), box 17. 2011 federal tax forms 1040 Interest. 2011 federal tax forms 1040   You must pay interest on the additional tax due to nonqualified withdrawals that are treated as made from either the ordinary income or the capital gain account. 2011 federal tax forms 1040 The interest period begins on the last date for paying tax for the year for which you deposited the amount you withdrew from your CCF account. 2011 federal tax forms 1040 The period ends on the last date for paying tax for the year in which you make the nonqualified withdrawal. 2011 federal tax forms 1040 The interest rate on the nonqualified withdrawal is simple interest. 2011 federal tax forms 1040 The rate is subject to change annually and is published in the Federal Register. 2011 federal tax forms 1040    You also can call NMFS at (301) 713-2393 (ext. 2011 federal tax forms 1040 204) to get the current interest rate. 2011 federal tax forms 1040 Interest deduction. 2011 federal tax forms 1040   You can deduct the interest you pay on a nonqualified withdrawal as a trade or business expense. 2011 federal tax forms 1040 Reporting the additional tax and interest. 2011 federal tax forms 1040   Attach a statement to your income tax return showing your computation of the tax and the interest on a nonqualified withdrawal. 2011 federal tax forms 1040 Include the tax and interest on Form 1040, line 63 (for 2005). 2011 federal tax forms 1040 To the left of line 63, write in the amount of tax and interest and “CCF. 2011 federal tax forms 1040 ” Tax benefit rule. 2011 federal tax forms 1040   If any portion of your nonqualified withdrawal is properly attributable to contributions (not earnings on the contributions) you made to the CCF account that did not reduce your tax liability for any tax year prior to the withdrawal year, the following tax treatment applies. 2011 federal tax forms 1040 The part that did not reduce your tax liability for any year prior to the withdrawal year is not taxed. 2011 federal tax forms 1040 That part is allowed as a net operating loss deduction. 2011 federal tax forms 1040 More Information This section briefly discussed the CCF program. 2011 federal tax forms 1040 For more detailed information, see the following legislative authorities. 2011 federal tax forms 1040 Section 607 of the Merchant Marine Act of 1936, as amended (46 U. 2011 federal tax forms 1040 S. 2011 federal tax forms 1040 C. 2011 federal tax forms 1040 1177). 2011 federal tax forms 1040 Chapter 2, Part 259 of title 50 of the Code of Federal Regulations (50 C. 2011 federal tax forms 1040 F. 2011 federal tax forms 1040 R. 2011 federal tax forms 1040 , Part 259). 2011 federal tax forms 1040 Subchapter A, Part 3 of title 26 of the Code of Federal Regulations (26 C. 2011 federal tax forms 1040 F. 2011 federal tax forms 1040 R. 2011 federal tax forms 1040 , Part 3). 2011 federal tax forms 1040 Section 7518 of the Internal Revenue Code (IRC 7518). 2011 federal tax forms 1040 The application kit you can obtain from NMFS at the address or phone number given earlier may contain copies of some of these sources of additional information. 2011 federal tax forms 1040 Also, see their web page at www. 2011 federal tax forms 1040 nmfs. 2011 federal tax forms 1040 noaa. 2011 federal tax forms 1040 gov/mb/financial_services/ccf. 2011 federal tax forms 1040 htm. 2011 federal tax forms 1040 How To Get Tax Help You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. 2011 federal tax forms 1040 By selecting the method that is best for you, you will have quick and easy access to tax help. 2011 federal tax forms 1040 Contacting your Taxpayer Advocate. 2011 federal tax forms 1040   If you have attempted to deal with an IRS problem unsuccessfully, you should contact your Taxpayer Advocate. 2011 federal tax forms 1040   The Taxpayer Advocate independently represents your interests and concerns within the IRS by protecting your rights and resolving problems that have not been fixed through normal channels. 2011 federal tax forms 1040 While Taxpayer Advocates cannot change the tax law or make a technical tax decision, they can clear up problems that resulted from previous contacts and ensure that your case is given a complete and impartial review. 2011 federal tax forms 1040   To contact your Taxpayer Advocate: Call the Taxpayer Advocate toll free at 1-877-777-4778, Call, write, or fax the Taxpayer Advocate office in your area, Call 1-800-829-4059 if you are a TTY/TDD user, or Visit www. 2011 federal tax forms 1040 irs. 2011 federal tax forms 1040 gov/advocate. 2011 federal tax forms 1040   For more information, see Publication 1546, How To Get Help With Unresolved Tax Problems (now available in Chinese, Korean, Russian, and Vietnamese, in addition to English and Spanish). 2011 federal tax forms 1040 Free tax services. 2011 federal tax forms 1040   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. 2011 federal tax forms 1040 It contains a list of free tax publications and an index of tax topics. 2011 federal tax forms 1040 It also describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. 2011 federal tax forms 1040 Internet. 2011 federal tax forms 1040 You can access the IRS website 24 hours a day, 7 days a week, at www. 2011 federal tax forms 1040 irs. 2011 federal tax forms 1040 gov to: E-file your return. 2011 federal tax forms 1040 Find out about commercial tax preparation and e-file services available free to eligible taxpayers. 2011 federal tax forms 1040 Check the status of your refund. 2011 federal tax forms 1040 Click on Where's My Refund. 2011 federal tax forms 1040 Be sure to wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically). 2011 federal tax forms 1040 Have your tax return available because you will need to know your social security number, your filing status, and the exact whole dollar amount of your refund. 2011 federal tax forms 1040 Download forms, instructions, and publications. 2011 federal tax forms 1040 Order IRS products online. 2011 federal tax forms 1040 Research your tax questions online. 2011 federal tax forms 1040 Search publications online by topic or keyword. 2011 federal tax forms 1040 View Internal Revenue Bulletins (IRBs) published in the last few years. 2011 federal tax forms 1040 Figure your withholding allowances using our Form W-4 calculator. 2011 federal tax forms 1040 Sign up to receive local and national tax news by email. 2011 federal tax forms 1040 Get information on starting and operating a small business. 2011 federal tax forms 1040 Phone. 2011 federal tax forms 1040 Many services are available by phone. 2011 federal tax forms 1040 Ordering forms, instructions, and publications. 2011 federal tax forms 1040 Call 1-800-829-3676 to order current-year forms, instructions, and publications and prior-year forms and instructions. 2011 federal tax forms 1040 You should receive your order within 10 days. 2011 federal tax forms 1040 Asking tax questions. 2011 federal tax forms 1040 Call the IRS with your tax questions at 1-800-829-1040. 2011 federal tax forms 1040 Solving problems. 2011 federal tax forms 1040 You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. 2011 federal tax forms 1040 An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. 2011 federal tax forms 1040 Call your local Taxpayer Assistance Center for an appointment. 2011 federal tax forms 1040 To find the number, go to www. 2011 federal tax forms 1040 irs. 2011 federal tax forms 1040 gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. 2011 federal tax forms 1040 TTY/TDD equipment. 2011 federal tax forms 1040 If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. 2011 federal tax forms 1040 TeleTax topics. 2011 federal tax forms 1040 Call 1-800-829-4477 and press 2 to listen to pre-recorded messages covering various tax topics. 2011 federal tax forms 1040 Refund information. 2011 federal tax forms 1040 If you would like to check the status of your refund, call 1-800-829-4477 and press 1 for automated refund information and follow the recorded instructions or call 1-800-829-1954. 2011 federal tax forms 1040 Be sure to wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically). 2011 federal tax forms 1040 Have your tax return available because you will need to know your social security number, your filing status, and the exact whole dollar amount of your refund. 2011 federal tax forms 1040 Evaluating the quality of our telephone services. 2011 federal tax forms 1040 To ensure that IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. 2011 federal tax forms 1040 One method is for a second IRS representative to sometimes listen in on or record telephone calls. 2011 federal tax forms 1040 Another is to ask some callers to complete a short survey at the end of the call. 2011 federal tax forms 1040 Walk-in. 2011 federal tax forms 1040 Many products and services are available on a walk-in basis. 2011 federal tax forms 1040 Products. 2011 federal tax forms 1040 You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. 2011 federal tax forms 1040 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-ROM or photocopy from reproducible proofs. 2011 federal tax forms 1040 Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. 2011 federal tax forms 1040 Services. 2011 federal tax forms 1040 You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. 2011 federal tax forms 1040 An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. 2011 federal tax forms 1040 If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you're 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. 2011 federal tax forms 1040 No appointment is necessary, but if you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. 2011 federal tax forms 1040 A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. 2011 federal tax forms 1040 To find the number, go to www. 2011 federal tax forms 1040 irs. 2011 federal tax forms 1040 gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. 2011 federal tax forms 1040 Mail. 2011 federal tax forms 1040 You can send your order for forms, instructions, and publications to the address below and receive a response within 10 business days after your request is received. 2011 federal tax forms 1040 National Distribution Center P. 2011 federal tax forms 1040 O. 2011 federal tax forms 1040 Box 8903 Bloomington, IL 61702-8903 CD-ROM for tax products. 2011 federal tax forms 1040 You can order Publication 1796, IRS Tax Products on CD-ROM, and obtain: A CD that is released twice so you have the latest products. 2011 federal tax forms 1040 The first release ships in late December and the final release ships in late February. 2011 federal tax forms 1040 Current-year forms, instructions, and publications. 2011 federal tax forms 1040 Prior-year forms, instructions, and publications. 2011 federal tax forms 1040 Tax Map: an electronic research tool and finding aid. 2011 federal tax forms 1040 Tax law frequently asked questions (FAQs). 2011 federal tax forms 1040 Tax Topics from the IRS telephone response system. 2011 federal tax forms 1040 Fill-in, print, and save features for most tax forms. 2011 federal tax forms 1040 Internal Revenue Bulletins. 2011 federal tax forms 1040 Toll-free and email technical support. 2011 federal tax forms 1040 Buy the CD-ROM from National Technical Information Service (NTIS) at www. 2011 federal tax forms 1040 irs. 2011 federal tax forms 1040 gov/cdorders for $25 (no handling fee) or call 1-877-233-6767 toll free to buy the CD-ROM for $25 (plus a $5 handling fee). 2011 federal tax forms 1040 CD-ROM for small businesses. 2011 federal tax forms 1040 Publication 3207, Small Business Resource Guide CD-ROM, has a new look and enhanced navigation features. 2011 federal tax forms 1040 This CD includes: Helpful information, such as how to prepare a business plan, find financing for your business, and much more. 2011 federal tax forms 1040 All the business tax forms, instructions, and publications needed to successfully manage a business. 2011 federal tax forms 1040 Tax law changes. 2011 federal tax forms 1040 IRS Tax Map to help you find forms, instructions, and publications by searching on a keyword or topic. 2011 federal tax forms 1040 Web links to various government agencies, business associations, and IRS organizations. 2011 federal tax forms 1040 “Rate the Product” survey—your opportunity to suggest changes for future editions. 2011 federal tax forms 1040 An updated version of this CD is available each year in early April. 2011 federal tax forms 1040 You can get a free copy by calling 1-800-829-3676 or by visiting www. 2011 federal tax forms 1040 irs. 2011 federal tax forms 1040 gov/smallbiz. 2011 federal tax forms 1040 Prev  Up  Next   Home   More Online Publications