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2011 Form 1040

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2011 Form 1040

2011 form 1040 Publication 901 - Additional Material Table of Contents How To Get Tax HelpLow Income Taxpayer Clinics (LITCs). 2011 form 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 form 1040 By selecting the method that is best for you, you will have quick and easy access to tax help. 2011 form 1040 Free help with your tax return. 2011 form 1040   Free help in preparing your return is available nationwide from IRS-certified volunteers. 2011 form 1040 The Volunteer Income Tax Assistance (VITA) program is designed to help low-moderate income, elderly, disabled, and limited English proficient taxpayers. 2011 form 1040 The Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 and older with their tax returns. 2011 form 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 form 1040 Some VITA and TCE sites provide taxpayers the opportunity to prepare their return with the assistance of an IRS-certified volunteer. 2011 form 1040 To find the nearest VITA or TCE site, visit IRS. 2011 form 1040 gov or call 1-800-906-9887 or 1-800-829-1040. 2011 form 1040   As part of the TCE program, AARP offers the Tax-Aide counseling program. 2011 form 1040 To find the nearest AARP Tax-Aide site, visit AARP's website at www. 2011 form 1040 aarp. 2011 form 1040 org/money/taxaide or call 1-888-227-7669. 2011 form 1040   For more information on these programs, go to IRS. 2011 form 1040 gov and enter “VITA” in the search box. 2011 form 1040 Internet. 2011 form 1040 You can access the IRS website at IRS. 2011 form 1040 gov 24 hours a day, 7 days a week to: E-file your return. 2011 form 1040 Find out about commercial tax preparation and e-file services available free to eligible taxpayers. 2011 form 1040 Check the status of your 2012 refund. 2011 form 1040 Go to IRS. 2011 form 1040 gov and click on Where’s My Refund. 2011 form 1040 Information about your return will generally be available within 24 hours after the IRS receives your e-filed return, or 4 weeks after you mail your paper return. 2011 form 1040 If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). 2011 form 1040 Have your 2012 tax return handy so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. 2011 form 1040 Where's My Refund? has a new look this year! The tool will include a tracker that displays progress through three stages: (1) return received, (2) refund approved, and (3) refund sent. 2011 form 1040 Where's My Refund? will provide an actual personalized refund date as soon as the IRS processes your tax return and approves your refund. 2011 form 1040 So in a change from previous filing seasons, you won't get an estimated refund date right away. 2011 form 1040 Where's My Refund? includes information for the most recent return filed in the current year and does not include information about amended returns. 2011 form 1040 You can obtain a free transcript online at IRS. 2011 form 1040 gov by clicking on Order a Return or Account Transcript under “Tools. 2011 form 1040 ” For a transcript by phone, call 1-800-908-9946 and follow the prompts in the recorded message. 2011 form 1040 You will be prompted to provide your SSN or Individual Taxpayer Identification Number (ITIN), date of birth, street address and ZIP code. 2011 form 1040 Download forms, including talking tax forms, instructions, and publications. 2011 form 1040 Order IRS products. 2011 form 1040 Research your tax questions. 2011 form 1040 Search publications by topic or keyword. 2011 form 1040 Use the Internal Revenue Code, regulations, or other official guidance. 2011 form 1040 View Internal Revenue Bulletins (IRBs) published in the last few years. 2011 form 1040 Figure your withholding allowances using the IRS Withholding Calculator at www. 2011 form 1040 irs. 2011 form 1040 gov/individuals. 2011 form 1040 Determine if Form 6251 (Alternative Minimum Tax— Individuals), must be filed by using our Alternative Minimum Tax (AMT) Assistant available at IRS. 2011 form 1040 gov by typing Alternative Minimum Tax Assistant in the search box. 2011 form 1040 Sign up to receive local and national tax news by email. 2011 form 1040 Get information on starting and operating a small business. 2011 form 1040 Phone. 2011 form 1040 Many services are available by phone. 2011 form 1040   Ordering forms, instructions, and publications. 2011 form 1040 Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, and publications, and prior-year forms and instructions (limited to 5 years). 2011 form 1040 You should receive your order within 10 days. 2011 form 1040 Asking tax questions. 2011 form 1040 Call the IRS with your tax questions at 1-800-829-1040. 2011 form 1040 Solving problems. 2011 form 1040 You can get face-to-face help solving tax problems most business days in IRS Taxpayer Assistance Centers (TAC). 2011 form 1040 An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. 2011 form 1040 Call your local Taxpayer Assistance Center for an appointment. 2011 form 1040 To find the number, go to www. 2011 form 1040 irs. 2011 form 1040 gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. 2011 form 1040 TTY/TDD equipment. 2011 form 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 form 1040 The TTY/TDD telephone number is for individuals who are deaf, hard of hearing, or have a speech disability. 2011 form 1040 These individuals can also access the IRS through relay services such as the Federal Relay Service at www. 2011 form 1040 gsa. 2011 form 1040 gov/fedrelay. 2011 form 1040 TeleTax topics. 2011 form 1040 Call 1-800-829-4477 to listen to pre-recorded messages covering various tax topics. 2011 form 1040 Checking the status of your 2012 refund. 2011 form 1040 To check the status of your 2012 refund, call 1-800-829-1954 or 1-800-829-4477 (automated Where's My Refund? information 24 hours a day, 7 days a week). 2011 form 1040 Information about your return will generally be available within 24 hours after the IRS receives your e-filed return, or 4 weeks after you mail your paper return. 2011 form 1040 If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). 2011 form 1040 Have your 2012 tax return handy so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. 2011 form 1040 Where's My Refund? will provide an actual personalized refund date as soon as the IRS processes your tax return and approves your refund. 2011 form 1040 Where's My Refund? includes information for the most recent return filed in the current year and does not include information about amended returns. 2011 form 1040 Evaluating the quality of our telephone services. 2011 form 1040 To ensure IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. 2011 form 1040 One method is for a second IRS representative to listen in on or record random telephone calls. 2011 form 1040 Another is to ask some callers to complete a short survey at the end of the call. 2011 form 1040 Walk-in. 2011 form 1040 Some products and services are available on a walk-in basis. 2011 form 1040   Products. 2011 form 1040 You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. 2011 form 1040 Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. 2011 form 1040 Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. 2011 form 1040 Services. 2011 form 1040 You can walk in to your local TAC most business days for personal, face-to-face tax help. 2011 form 1040 An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. 2011 form 1040 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 TAC where you can talk with an IRS representative face-to-face. 2011 form 1040 No appointment is necessary—just walk in. 2011 form 1040 Before visiting, check www. 2011 form 1040 irs. 2011 form 1040 gov/localcontacts for hours of operation and services provided. 2011 form 1040 If you have an ongoing, complex tax account problem or a special need, such as a disability, an appointment can be requested by calling your local TAC. 2011 form 1040 You can leave a message and a representative will call you back within 2 business days. 2011 form 1040 All other issues will be handled without an appointment. 2011 form 1040 To call your local TAC, go to  www. 2011 form 1040 irs. 2011 form 1040 gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. 2011 form 1040 Mail. 2011 form 1040 You can send your order for forms, instructions, and publications to the address below. 2011 form 1040 You should receive a response within 10 days after your request is received. 2011 form 1040  Internal Revenue Service 1201 N. 2011 form 1040 Mitsubishi Motorway Bloomington, IL 61705-6613 Taxpayer Advocate Service. 2011 form 1040   The Taxpayer Advocate Service (TAS) is your voice at the IRS. 2011 form 1040 Its job is to ensure that every taxpayer is treated fairly, and that you know and understand your rights. 2011 form 1040 TAS offers free help to guide you through the often-confusing process of resolving tax problems that you haven’t been able to solve on your own. 2011 form 1040 Remember, the worst thing you can do is nothing at all. 2011 form 1040   TAS can help if you can’t resolve your problem with the IRS and: Your problem is causing financial difficulties for you, your family, or your business. 2011 form 1040 You face (or your business is facing) an immediate threat of adverse action. 2011 form 1040 You have tried repeatedly to contact the IRS but no one has responded, or the IRS has not responded to you by the date promised. 2011 form 1040   If you qualify for help, they will do everything they can to get your problem resolved. 2011 form 1040 You will be assigned to one advocate who will be with you at every turn. 2011 form 1040 TAS has offices in every state, the District of Columbia, and Puerto Rico. 2011 form 1040 Although TAS is independent within the IRS, their advocates know how to work with the IRS to get your problems resolved. 2011 form 1040 And its services are always free. 2011 form 1040   As a taxpayer, you have rights that the IRS must abide by in its dealings with you. 2011 form 1040 The TAS tax toolkit at www. 2011 form 1040 TaxpayerAdvocate. 2011 form 1040 irs. 2011 form 1040 gov can help you understand these rights. 2011 form 1040   If you think TAS might be able to help you, call your local advocate, whose number is in your phone book and on our website at www. 2011 form 1040 irs. 2011 form 1040 gov/advocate. 2011 form 1040 You can also call the toll-free number at 1-877-777-4778. 2011 form 1040 Deaf and hard of hearing individuals who have access to TTY/TDD equipment can call 1-800-829-4059. 2011 form 1040 These individuals can also access the IRS through relay services such as the Federal Relay Service at www. 2011 form 1040 gsa. 2011 form 1040 gov/fedrelay. 2011 form 1040   TAS also handles large-scale or systemic problems that affect many taxpayers. 2011 form 1040 If you know of one of these broad issues, please report it through the Systemic Advocacy Management System at www. 2011 form 1040 irs. 2011 form 1040 gov/advocate. 2011 form 1040 Low Income Taxpayer Clinics (LITCs). 2011 form 1040   Low Income Taxpayer Clinics (LITCs) are independent from the IRS. 2011 form 1040 Some clinics serve individuals whose income is below a certain level and who need to resolve a tax problem. 2011 form 1040 These clinics provide professional representation before the IRS or in court on audits, appeals, tax collection disputes, and other issues for free or for a small fee. 2011 form 1040 Some clinics can provide information about taxpayer rights and responsibilities in many different languages for individuals who speak English as a second language. 2011 form 1040 For more information and to find a clinic near you, see the LITC page on www. 2011 form 1040 irs. 2011 form 1040 gov/advocate or IRS Publication 4134, Low Income Taxpayer Clinic List. 2011 form 1040 This publication is also available by calling 1-800-TAX-FORM (1-800-829-3676) or at your local IRS office. 2011 form 1040 Free tax services. 2011 form 1040   Publication 910, IRS Guide to Free Tax Services, is your guide to IRS services and resources. 2011 form 1040 Learn about free tax information from the IRS, including publications, services, and education and assistance programs. 2011 form 1040 The publication also has an index of over 100 TeleTax topics (recorded tax information) you can listen to on the telephone. 2011 form 1040 The majority of the information and services listed in this publication are available to you free of charge. 2011 form 1040 If there is a fee associated with a resource or service, it is listed in the publication. 2011 form 1040   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with disabilities. 2011 form 1040 DVD for tax products. 2011 form 1040 You can order Publication 1796, IRS Tax Products DVD, and obtain: Current-year forms, instructions, and publications. 2011 form 1040 Prior-year forms, instructions, and publications. 2011 form 1040 Tax Map: an electronic research tool and finding aid. 2011 form 1040 Tax law frequently asked questions. 2011 form 1040 Tax Topics from the IRS telephone response system. 2011 form 1040 Internal Revenue Code—Title 26 of the U. 2011 form 1040 S. 2011 form 1040 Code. 2011 form 1040 Links to other Internet-based tax research materials. 2011 form 1040 Fill-in, print, and save features for most tax forms. 2011 form 1040 Internal Revenue Bulletins. 2011 form 1040 Toll-free and email technical support. 2011 form 1040 Two releases during the year. 2011 form 1040  – The first release will ship the beginning of January 2013. 2011 form 1040  – The final release will ship the beginning of March 2013. 2011 form 1040 Purchase the DVD from National Technical Information Service (NTIS) at www. 2011 form 1040 irs. 2011 form 1040 gov/cdorders for $30 (no handling fee) or call 1-877-233-6767 toll free to buy the DVD for $30 (plus a $6 handling fee). 2011 form 1040 Prev  Up  Next   Home   More Online Publications
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Helpful resources: Publications, articles, YouTube videos and other identity theft related outreach

YouTube housed videos related to identity theft

Podcasts

Fact Sheets

  • FS-2013-4, IRS Criminal Investigation efforts is available on IRS fact sheet
  • FS-2013-3, Tips for Taxpayers, Victims about Identity Theft and Tax Returns
  • FS-2013-2, IRS Combats Identity Theft and Refund Fraud on Many Fronts
  • FS-2012-7, Protect Yourself from Identity Theft
  • FS-2008-09, Identity Theft E-mail Scams a Growing Problem

Publications

Press Releases

  • IR-2012-29 - Tax Scam Warning: Beware of Phony Refund Scheme Abusing Popular College Tax Credit; Senior Citizens, Working Families and Church Members Are Targets
  • IR-2012-23 - IRS Releases the Dirty Dozen Tax Scams for 2012
  • IR-2011-73 - IRS Urges Taxpayers to Avoid Becoming Victims of Tax Scams
  • IR-2009-71 - IRS Alerts Public to New Identity Theft Scams

Tax Tips

  • 2012-03 - Seven Tips to Help Taxpayers Avoid Phony Refund Schemes Abusing Popular College Tax Credit
  • 2012-02 - Dirty Dozen Tax Scams
  • 2012-01 - Top Tips Every Taxpayer Should Know about Identity Theft
  • 2012-08 - Don’t be Scammed by Cyber Criminals

Additional IRS.gov resources

  • IR-2013-17, IRS Intensifies National Crackdown on Identity Theft; Part of Wider Effort to Protect Taxpayers, Prevent Refund Fraud
  • Taxpayer Guide to Identity Theft: One-page guide for identity theft victims
  • How to report and identify phishing, email scams and bogus IRS Web sites.
  • If you have tried to resolve a tax problem with the IRS and are still experiencing economic harm, you may be eligible for Taxpayer Advocate Service assistance.
  • Internal Revenue Manual 10.5.3 (Identity Protection Program) - Procedural guidance on issues related to identity theft
  • If you do not prepare your own return, be careful in choosing your tax return preparer.
  • Having trouble downloading or viewing a PDF?

 


Identity protection home page

Page Last Reviewed or Updated: 06-Dec-2013

The 2011 Form 1040

2011 form 1040 6. 2011 form 1040   Insurance Table of Contents What's New Introduction Topics - This chapter discusses: Useful Items - You may want to see: Deductible PremiumsSelf-Employed Health Insurance Deduction Nondeductible Premiums Capitalized Premiums When To Deduct Premiums What's New Retiree drug subsidy. 2011 form 1040  Beginning in 2013, sponsors of certain qualified retiree prescription drug plans must account for the subsidy received by reducing the amount of qualified retiree prescription drug plans expense by the subsidy received (taking into account the taxpayer's accounting method). 2011 form 1040 For more information, see the retiree drug subsidy frequently asked questions on IRS. 2011 form 1040 gov. 2011 form 1040 Introduction You generally can deduct the ordinary and necessary cost of insurance as a business expense if it is for your trade, business, or profession. 2011 form 1040 However, you may have to capitalize certain insurance costs under the uniform capitalization rules. 2011 form 1040 For more information, see Capitalized Premiums , later. 2011 form 1040 Topics - This chapter discusses: Deductible premiums Nondeductible premiums Capitalized premiums When to deduct premiums Useful Items - You may want to see: Publication 15-B Employer's Tax Guide to Fringe Benefits 525 Taxable and Nontaxable Income 538 Accounting Periods and Methods 547 Casualties, Disasters, and Thefts Form (and Instructions) 1040 U. 2011 form 1040 S. 2011 form 1040 Individual Income Tax Return See chapter 12 for information about getting publications and forms. 2011 form 1040 Deductible Premiums You generally can deduct premiums you pay for the following kinds of insurance related to your trade or business. 2011 form 1040 Insurance that covers fire, storm, theft, accident, or similar losses. 2011 form 1040 Credit insurance that covers losses from business bad debts. 2011 form 1040 Group hospitalization and medical insurance for employees, including long-term care insurance. 2011 form 1040 If a partnership pays accident and health insurance premiums for its partners, it generally can deduct them as guaranteed payments to partners. 2011 form 1040 If an S corporation pays accident and health insurance premiums for its more-than-2% shareholder-employees, it generally can deduct them, but must also include them in the shareholder's wages subject to federal income tax withholding. 2011 form 1040 See Publication 15-B. 2011 form 1040 Liability insurance. 2011 form 1040 Malpractice insurance that covers your personal liability for professional negligence resulting in injury or damage to patients or clients. 2011 form 1040 Workers' compensation insurance set by state law that covers any claims for bodily injuries or job-related diseases suffered by employees in your business, regardless of fault. 2011 form 1040 If a partnership pays workers' compensation premiums for its partners, it generally can deduct them as guaranteed payments to partners. 2011 form 1040 If an S corporation pays workers' compensation premiums for its more-than-2% shareholder-employees, it generally can deduct them, but must also include them in the shareholder's wages. 2011 form 1040 Contributions to a state unemployment insurance fund are deductible as taxes if they are considered taxes under state law. 2011 form 1040 Overhead insurance that pays for business overhead expenses you have during long periods of disability caused by your injury or sickness. 2011 form 1040 Car and other vehicle insurance that covers vehicles used in your business for liability, damages, and other losses. 2011 form 1040 If you operate a vehicle partly for personal use, deduct only the part of the insurance premium that applies to the business use of the vehicle. 2011 form 1040 If you use the standard mileage rate to figure your car expenses, you cannot deduct any car insurance premiums. 2011 form 1040 Life insurance covering your officers and employees if you are not directly or indirectly a beneficiary under the contract. 2011 form 1040 Business interruption insurance that pays for lost profits if your business is shut down due to a fire or other cause. 2011 form 1040 Self-Employed Health Insurance Deduction You may be able to deduct premiums paid for medical and dental insurance and qualified long-term care insurance for yourself, your spouse, and your dependents. 2011 form 1040 The insurance can also cover your child who was under age 27 at the end of 2013, even if the child was not your dependent. 2011 form 1040 A child includes your son, daughter, stepchild, adopted child, or foster child. 2011 form 1040 A foster child is any child placed with you by an authorized placement agency or by judgment, decree, or other order of any court of competent jurisdiction. 2011 form 1040 One of the following statements must be true. 2011 form 1040 You were self-employed and had a net profit for the year reported on Schedule C (Form 1040), Profit or Loss From Business; Schedule C-EZ (Form 1040), Net Profit From Business; or Schedule F (Form 1040), Profit or Loss From Farming. 2011 form 1040 You were a partner with net earnings from self-employment for the year reported on Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. 2011 form 1040 , box 14, code A. 2011 form 1040 You used one of the optional methods to figure your net earnings from self-employment on Schedule SE. 2011 form 1040 You received wages in 2013 from an S corporation in which you were a more-than-2% shareholder. 2011 form 1040 Health insurance premiums paid or reimbursed by the S corporation are shown as wages on Form W-2, Wage and Tax Statement. 2011 form 1040 The insurance plan must be established, or considered to be established as discussed in the following bullets, under your business. 2011 form 1040 For self-employed individuals filing a Schedule C, C-EZ, or F, a policy can be either in the name of the business or in the name of the individual. 2011 form 1040 For partners, a policy can be either in the name of the partnership or in the name of the partner. 2011 form 1040 You can either pay the premiums yourself or your partnership can pay them and report the premium amounts on Schedule K-1 (Form 1065) as guaranteed payments to be included in your gross income. 2011 form 1040 However, if the policy is in your name and you pay the premiums yourself, the partnership must reimburse you and report the premium amounts on Schedule K-1 (Form 1065) as guaranteed payments to be included in your gross income. 2011 form 1040 Otherwise, the insurance plan will not be considered to be established under your business. 2011 form 1040 For more-than-2% shareholders, a policy can be either in the name of the S corporation or in the name of the shareholder. 2011 form 1040 You can either pay the premiums yourself or your S corporation can pay them and report the premium amounts on Form W-2 as wages to be included in your gross income. 2011 form 1040 However, if the policy is in your name and you pay the premiums yourself, the S corporation must reimburse you and report the premium amounts on Form W-2 as wages to be included in your gross income. 2011 form 1040 Otherwise, the insurance plan will not be considered to be established under your business. 2011 form 1040 Medicare premiums you voluntarily pay to obtain insurance in your name that is similar to qualifying private health insurance can be used to figure the deduction. 2011 form 1040 If you previously filed returns without using Medicare premiums to figure the deduction, you can file timely amended returns to refigure the deduction. 2011 form 1040 For more information, see Form 1040X, Amended U. 2011 form 1040 S. 2011 form 1040 Individual Income Tax Return. 2011 form 1040 Amounts paid for health insurance coverage from retirement plan distributions that were nontaxable because you are a retired public safety officer cannot be used to figure the deduction. 2011 form 1040 Take the deduction on Form 1040, line 29. 2011 form 1040 Qualified long-term care insurance. 2011 form 1040   You can include premiums paid on a qualified long-term care insurance contract when figuring your deduction. 2011 form 1040 But, for each person covered, you can include only the smaller of the following amounts. 2011 form 1040 The amount paid for that person. 2011 form 1040 The amount shown below. 2011 form 1040 Use the person's age at the end of the tax year. 2011 form 1040 Age 40 or younger–$360 Age 41 to 50–$680 Age 51 to 60–$1,360 Age 61 to 70–$3,640 Age 71 or older–$4,550 Qualified long-term care insurance contract. 2011 form 1040   A qualified long-term care insurance contract is an insurance contract that only provides coverage of qualified long-term care services. 2011 form 1040 The contract must meet all the following requirements. 2011 form 1040 It must be guaranteed renewable. 2011 form 1040 It must provide that refunds, other than refunds on the death of the insured or complete surrender or cancellation of the contract, and dividends under the contract may be used only to reduce future premiums or increase future benefits. 2011 form 1040 It must not provide for a cash surrender value or other money that can be paid, assigned, pledged, or borrowed. 2011 form 1040 It generally must not pay or reimburse expenses incurred for services or items that would be reimbursed under Medicare, except where Medicare is a secondary payer or the contract makes per diem or other periodic payments without regard to expenses. 2011 form 1040 Qualified long-term care services. 2011 form 1040   Qualified long-term care services are: Necessary diagnostic, preventive, therapeutic, curing, treating, mitigating, and rehabilitative services, and Maintenance or personal care services. 2011 form 1040 The services must be required by a chronically ill individual and prescribed by a licensed health care practitioner. 2011 form 1040 Worksheet 6-A. 2011 form 1040 Self-Employed Health Insurance Deduction Worksheet Note. 2011 form 1040 Use a separate worksheet for each trade or business under which an insurance plan is established. 2011 form 1040 1. 2011 form 1040 Enter the total amount paid in 2013 for health insurance coverage established under your business for 2013 for you, your spouse, and your dependents. 2011 form 1040 Your insurance can also cover your child who was under age 27 at the end of 2013, even if the child was not your dependent. 2011 form 1040 But do not include the following. 2011 form 1040   Amounts for any month you were eligible to participate in a health plan subsidized by your or your spouse's employer or the employer of either your dependent or your child who was under the age of 27 at the end of 2013. 2011 form 1040 Any amounts paid from retirement plan distributions that were nontaxable because you are a retired public safety officer. 2011 form 1040 Any amounts you included on Form 8885, line 4. 2011 form 1040 Any qualified health insurance premiums you paid to “U. 2011 form 1040 S. 2011 form 1040 Treasury-HCTC. 2011 form 1040 ” Any health coverage tax credit advance payments shown in box 1 of Form 1099-H. 2011 form 1040 Any payments for qualified long-term care insurance (see line 2) 1. 2011 form 1040   2. 2011 form 1040 For coverage under a qualified long-term care insurance contract, enter for each person covered the smaller of the following amounts. 2011 form 1040       a) Total payments made for that person during the year. 2011 form 1040       b) The amount shown below. 2011 form 1040 Use the person's age at the end of the tax year. 2011 form 1040         $360— if that person is age 40 or younger          $680— if age 41 to 50         $1,360— if age 51 to 60         $3,640— if age 61 to 70         $4,550— if age 71 or older         Do not include payments for any month you were eligible to participate in a long-term care insurance plan subsidized by your or your spouse’s employer or the employer of either your dependent or your child who was under the age of 27 at the end of 2013. 2011 form 1040 If more than one person is covered, figure separately the amount to enter for each person. 2011 form 1040 Then enter the total of those amounts 2. 2011 form 1040   3. 2011 form 1040 Add lines 1 and 2 3. 2011 form 1040   4. 2011 form 1040 Enter your net profit* and any other earned income** from the trade or business under which the insurance plan is established. 2011 form 1040 Do not include Conservation Reserve Program payments exempt from self-employment tax. 2011 form 1040 If the business is an S corporation, skip to line 11 4. 2011 form 1040   5. 2011 form 1040 Enter the total of all net profits* from: Schedule C (Form 1040), line 31; Schedule C-EZ (Form 1040), line 3; Schedule F (Form 1040), line 34; or Schedule K-1 (Form 1065), box 14, code A; plus any other income allocable to the profitable businesses. 2011 form 1040 Do not include Conservation Reserve Program payments exempt from self-employment tax. 2011 form 1040 See the Instructions for Schedule SE (Form 1040). 2011 form 1040 Do not include any net losses shown on these schedules. 2011 form 1040 5. 2011 form 1040   6. 2011 form 1040 Divide line 4 by line 5 6. 2011 form 1040   7. 2011 form 1040 Multiply Form 1040, line 27, by the percentage on line 6 7. 2011 form 1040   8. 2011 form 1040 Subtract line 7 from line 4 8. 2011 form 1040   9. 2011 form 1040 Enter the amount, if any, from Form 1040, line 28, attributable to the same trade or business in which the insurance plan is established 9. 2011 form 1040   10. 2011 form 1040 Subtract line 9 from line 8 10. 2011 form 1040   11. 2011 form 1040 Enter your Medicare wages (Form W-2, box 5) from an S corporation in which you are a more-than-2% shareholder and in which the insurance plan is established 11. 2011 form 1040   12. 2011 form 1040 Enter any amount from Form 2555, line 45, attributable to the amount entered on line 4 or 11 above, or any amount from Form 2555-EZ, line 18, attributable to the amount entered on line 11 above 12. 2011 form 1040   13. 2011 form 1040 Subtract line 12 from line 10 or 11, whichever applies 13. 2011 form 1040   14. 2011 form 1040 Enter the smaller of line 3 or line 13 here and on Form 1040, line 29. 2011 form 1040 Do not include this amount when figuring any medical expense deduction on Schedule A (Form 1040). 2011 form 1040 14. 2011 form 1040   * If you used either optional method to figure your net earnings from self-employment from any business, do not enter your net profit from the business. 2011 form 1040 Instead, enter the amount attributable to that business from Schedule SE (Form 1040), Section B, line 4b. 2011 form 1040 * *Earned income includes net earnings and gains from the sale, transfer, or licensing of property you created. 2011 form 1040 However, it does not include capital gain income. 2011 form 1040 Chronically ill individual. 2011 form 1040   A chronically ill individual is a person who has been certified as one of the following. 2011 form 1040 An individual who has been unable, due to loss of functional capacity for at least 90 days, to perform at least two activities of daily living without substantial assistance from another individual. 2011 form 1040 Activities of daily living are eating, toileting, transferring (general mobility), bathing, dressing, and continence. 2011 form 1040 An individual who requires substantial supervision to be protected from threats to health and safety due to severe cognitive impairment. 2011 form 1040 The certification must have been made by a licensed health care practitioner within the previous 12 months. 2011 form 1040 Benefits received. 2011 form 1040   For information on excluding benefits you receive from a long-term care contract from gross income, see Publication 525. 2011 form 1040 Other coverage. 2011 form 1040   You cannot take the deduction for any month you were eligible to participate in any employer (including your spouse's) subsidized health plan at any time during that month, even if you did not actually participate. 2011 form 1040 In addition, if you were eligible for any month or part of a month to participate in any subsidized health plan maintained by the employer of either your dependent or your child who was under age 27 at the end of 2013, do not use amounts paid for coverage for that month to figure the deduction. 2011 form 1040   These rules are applied separately to plans that provide long-term care insurance and plans that do not provide long-term care insurance. 2011 form 1040 However, any medical insurance payments not deductible on Form 1040, line 29, can be included as medical expenses on Schedule A (Form 1040), Itemized Deductions, if you itemize deductions. 2011 form 1040 Effect on itemized deductions. 2011 form 1040   Subtract the health insurance deduction from your medical insurance when figuring medical expenses on Schedule A (Form 1040) if you itemize deductions. 2011 form 1040 Effect on self-employment tax. 2011 form 1040   For tax years beginning before or after 2010, you cannot subtract the self-employed health insurance deduction when figuring net earnings for your self-employment tax from the business under which the insurance plan is established, or considered to be established as discussed earlier. 2011 form 1040 For more information, see Schedule SE (Form 1040). 2011 form 1040 How to figure the deduction. 2011 form 1040   Generally, you can use the worksheet in the Form 1040 instructions to figure your deduction. 2011 form 1040 However, if any of the following apply, you must use Worksheet 6-A in this chapter. 2011 form 1040 You had more than one source of income subject to self-employment tax. 2011 form 1040 You file Form 2555, Foreign Earned Income, or Form 2555-EZ, Foreign Earned Income Exclusion. 2011 form 1040 You are using amounts paid for qualified long-term care insurance to figure the deduction. 2011 form 1040 If you are claiming the health coverage tax credit, complete Form 8885, Health Coverage Tax Credit, before you figure this deduction. 2011 form 1040 Health coverage tax credit. 2011 form 1040   You may be able to take this credit only if you were an eligible trade adjustment assistance (TAA) recipient, alternative TAA (ATAA) recipient, reemployment trade adjustment assistance (RTAA) recipient, or Pension Benefit Guaranty Corporation (PBGC) pension recipient. 2011 form 1040 Use Form 8885 to figure the amount, if any, of this credit. 2011 form 1040   When figuring the amount to enter on line 1 of Worksheet 6-A, do not include the following. 2011 form 1040 Any amounts you included on Form 8885, line 4. 2011 form 1040 Any qualified health insurance premiums you paid to “U. 2011 form 1040 S. 2011 form 1040 Treasury-HCTC. 2011 form 1040 ” Any health coverage tax credit advance payments shown in box 1 of Form 1099-H, Health Coverage Tax Credit (HCTC) Advance Payments. 2011 form 1040 More than one health plan and business. 2011 form 1040   If you have more than one health plan during the year and each plan is established under a different business, you must use separate worksheets (Worksheet 6-A) to figure each plan's net earnings limit. 2011 form 1040 Include the premium you paid under each plan on line 1 or line 2 of that separate worksheet and your net profit (or wages) from that business on line 4 (or line 11). 2011 form 1040 For a plan that provides long-term care insurance, the total of the amounts entered for each person on line 2 of all worksheets cannot be more than the appropriate limit shown on line 2 for that person. 2011 form 1040 Nondeductible Premiums You cannot deduct premiums on the following kinds of insurance. 2011 form 1040 Self-insurance reserve funds. 2011 form 1040 You cannot deduct amounts credited to a reserve set up for self-insurance. 2011 form 1040 This applies even if you cannot get business insurance coverage for certain business risks. 2011 form 1040 However, your actual losses may be deductible. 2011 form 1040 See Publication 547. 2011 form 1040 Loss of earnings. 2011 form 1040 You cannot deduct premiums for a policy that pays for lost earnings due to sickness or disability. 2011 form 1040 However, see the discussion on overhead insurance, item (8), under Deductible Premiums , earlier. 2011 form 1040 Certain life insurance and annuities. 2011 form 1040 For contracts issued before June 9, 1997, you cannot deduct the premiums on a life insurance policy covering you, an employee, or any person with a financial interest in your business if you are directly or indirectly a beneficiary of the policy. 2011 form 1040 You are included among possible beneficiaries of the policy if the policy owner is obligated to repay a loan from you using the proceeds of the policy. 2011 form 1040 A person has a financial interest in your business if the person is an owner or part owner of the business or has lent money to the business. 2011 form 1040 For contracts issued after June 8, 1997, you generally cannot deduct the premiums on any life insurance policy, endowment contract, or annuity contract if you are directly or indirectly a beneficiary. 2011 form 1040 The disallowance applies without regard to whom the policy covers. 2011 form 1040 Partners. 2011 form 1040 If, as a partner in a partnership, you take out an insurance policy on your own life and name your partners as beneficiaries to induce them to retain their investments in the partnership, you are considered a beneficiary. 2011 form 1040 You cannot deduct the insurance premiums. 2011 form 1040 Insurance to secure a loan. 2011 form 1040 If you take out a policy on your life or on the life of another person with a financial interest in your business to get or protect a business loan, you cannot deduct the premiums as a business expense. 2011 form 1040 Nor can you deduct the premiums as interest on business loans or as an expense of financing loans. 2011 form 1040 In the event of death, the proceeds of the policy are generally not taxed as income even if they are used to liquidate the debt. 2011 form 1040 Capitalized Premiums Under the uniform capitalization rules, you must capitalize the direct costs and part of the indirect costs for certain production or resale activities. 2011 form 1040 Include these costs in the basis of property you produce or acquire for resale, rather than claiming them as a current deduction. 2011 form 1040 You recover the costs through depreciation, amortization, or cost of goods sold when you use, sell, or otherwise dispose of the property. 2011 form 1040 Indirect costs include premiums for insurance on your plant or facility, machinery, equipment, materials, property produced, or property acquired for resale. 2011 form 1040 Uniform capitalization rules. 2011 form 1040   You may be subject to the uniform capitalization rules if you do any of the following, unless the property is produced for your use other than in a business or an activity carried on for profit. 2011 form 1040 Produce real property or tangible personal property. 2011 form 1040 For this purpose, tangible personal property includes a film, sound recording, video tape, book, or similar property. 2011 form 1040 Acquire property for resale. 2011 form 1040 However, these rules do not apply to the following property. 2011 form 1040 Personal property you acquire for resale if your average annual gross receipts are $10 million or less for the 3 prior tax years. 2011 form 1040 Property you produce if you meet either of the following conditions. 2011 form 1040 Your indirect costs of producing the property are $200,000 or less. 2011 form 1040 You use the cash method of accounting and do not account for inventories. 2011 form 1040 More information. 2011 form 1040   For more information on these rules, see Uniform Capitalization Rules in Publication 538 and the regulations under Internal Revenue Code section 263A. 2011 form 1040 When To Deduct Premiums You can usually deduct insurance premiums in the tax year to which they apply. 2011 form 1040 Cash method. 2011 form 1040   If you use the cash method of accounting, you generally deduct insurance premiums in the tax year you actually paid them, even if you incurred them in an earlier year. 2011 form 1040 However, see Prepayment , later. 2011 form 1040 Accrual method. 2011 form 1040   If you use an accrual method of accounting, you cannot deduct insurance premiums before the tax year in which you incur a liability for them. 2011 form 1040 In addition, you cannot deduct insurance premiums before the tax year in which you actually pay them (unless the exception for recurring items applies). 2011 form 1040 For more information about the accrual method of accounting, see chapter 1. 2011 form 1040 For information about the exception for recurring items, see Publication 538. 2011 form 1040 Prepayment. 2011 form 1040   You cannot deduct expenses in advance, even if you pay them in advance. 2011 form 1040 This rule applies to any expense paid far enough in advance to, in effect, create an asset with a useful life extending substantially beyond the end of the current tax year. 2011 form 1040   Expenses such as insurance are generally allocable to a period of time. 2011 form 1040 You can deduct insurance expenses for the year to which they are allocable. 2011 form 1040 Example. 2011 form 1040 In 2013, you signed a 3-year insurance contract. 2011 form 1040 Even though you paid the premiums for 2013, 2014, and 2015 when you signed the contract, you can only deduct the premium for 2013 on your 2013 tax return. 2011 form 1040 You can deduct in 2014 and 2015 the premium allocable to those years. 2011 form 1040 Dividends received. 2011 form 1040   If you receive dividends from business insurance and you deducted the premiums in prior years, at least part of the dividends generally are income. 2011 form 1040 For more information, see Recovery of amount deducted (tax benefit rule) in chapter 1 under How Much Can I Deduct. 2011 form 1040 Prev  Up  Next   Home   More Online Publications