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2012 Tax Form 1040a

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2012 Tax Form 1040a

2012 tax form 1040a Publication 536 - Main Content Table of Contents NOL Steps How To Figure an NOLNonbusiness deductions (line 6). 2012 tax form 1040a Nonbusiness income (line 7). 2012 tax form 1040a Nonbusiness capital losses. 2012 tax form 1040a Business capital losses. 2012 tax form 1040a Illustrated Form 1045, Schedule A When To Use an NOLExceptions to 2-Year Carryback Rule Waiving the Carryback Period How To Carry an NOL Back or Forward How To Claim an NOL DeductionDeducting a Carryback Deducting a Carryforward Change in Marital Status Change in Filing Status Illustrated Form 1045 How To Figure an NOL CarryoverIllustrated Form 1045, Schedule B NOL Carryover From 2013 to 2014Worksheet Instructions How To Get Tax HelpLow Income Taxpayer Clinics NOL Steps Follow Steps 1 through 5 to figure and use your NOL. 2012 tax form 1040a Step 1. 2012 tax form 1040a   Complete your tax return for the year. 2012 tax form 1040a You may have an NOL if a negative figure appears on the line below: Individuals — Form 1040, line 41, or Form 1040NR, line 39. 2012 tax form 1040a Estates and trusts — Form 1041, line 22. 2012 tax form 1040a   If the amount on that line is not negative, stop here — you do not have an NOL. 2012 tax form 1040a Step 2. 2012 tax form 1040a   Determine whether you have an NOL and its amount. 2012 tax form 1040a See How To Figure an NOL , later. 2012 tax form 1040a If you do not have an NOL, stop here. 2012 tax form 1040a Step 3. 2012 tax form 1040a   Decide whether to carry the NOL back to a past year or to waive the carryback period and instead carry the NOL forward to a future year. 2012 tax form 1040a See When To Use an NOL , later. 2012 tax form 1040a Step 4. 2012 tax form 1040a   Deduct the NOL in the carryback or carryforward year. 2012 tax form 1040a See How To Claim an NOL Deduction , later. 2012 tax form 1040a If your NOL deduction is equal to or less than your taxable income without the deduction, stop here — you have used up your NOL. 2012 tax form 1040a Step 5. 2012 tax form 1040a   Determine the amount of your unused NOL. 2012 tax form 1040a See How To Figure an NOL Carryover , later. 2012 tax form 1040a Carry over the unused NOL to the next carryback or carryforward year and begin again at Step 4. 2012 tax form 1040a Note. 2012 tax form 1040a   If your NOL deduction includes more than one NOL amount, apply Step 5 separately to each NOL amount, starting with the amount from the earliest year. 2012 tax form 1040a How To Figure an NOL If your deductions for the year are more than your income for the year, you may have an NOL. 2012 tax form 1040a There are rules that limit what you can deduct when figuring an NOL. 2012 tax form 1040a In general, the following items are not allowed when figuring an NOL. 2012 tax form 1040a Any deduction for personal exemptions. 2012 tax form 1040a Capital losses in excess of capital gains. 2012 tax form 1040a The section 1202 exclusion of the gain from the sale or exchange of qualified small business stock. 2012 tax form 1040a Nonbusiness deductions in excess of nonbusiness income. 2012 tax form 1040a The net operating loss deduction. 2012 tax form 1040a The domestic production activities deduction. 2012 tax form 1040a Form 1045, Schedule A. 2012 tax form 1040a   Use Form 1045, Schedule A, to figure an NOL. 2012 tax form 1040a The following discussion explains Schedule A and includes an illustrated example. 2012 tax form 1040a   First, complete Form 1045, Schedule A, line 1, using amounts from your return. 2012 tax form 1040a If line 1 is a negative amount, you may have an NOL. 2012 tax form 1040a   Next, complete the rest of Form 1045, Schedule A, to figure your NOL. 2012 tax form 1040a Nonbusiness deductions (line 6). 2012 tax form 1040a   Enter on line 6 deductions that are not connected to your trade or business or your employment. 2012 tax form 1040a Examples of deductions not related to your trade or business are: Alimony paid, Deductions for contributions to an IRA or a self-employed retirement plan, Health savings account deduction, Archer medical savings account deduction, Most itemized deductions (except for casualty and theft losses, state income tax on trade and business income, and any employee business expenses), and The standard deduction. 2012 tax form 1040a   Do not include on line 6 the deduction for personal exemptions for you, your spouse, or your dependents. 2012 tax form 1040a   Do not enter business deductions on line 6. 2012 tax form 1040a These are deductions that are connected to your trade or business. 2012 tax form 1040a They include the following. 2012 tax form 1040a State income tax on income attributable to trade or business (including wages, salary, and unemployment compensation). 2012 tax form 1040a Moving expenses. 2012 tax form 1040a Educator expenses. 2012 tax form 1040a The deduction for the deductible part of self-employed health insurance. 2012 tax form 1040a Domestic production activities deduction. 2012 tax form 1040a Rental losses. 2012 tax form 1040a Loss on the sale or exchange of business real estate or depreciable property. 2012 tax form 1040a Your share of a business loss from a partnership or an S corporation. 2012 tax form 1040a Ordinary loss on the sale or exchange of stock in a small business corporation or a small business investment company. 2012 tax form 1040a If you itemize your deductions, casualty and theft losses (even if they involve nonbusiness property) and employee business expenses (such as union dues, uniforms, tools, education expenses, and travel and transportation expenses). 2012 tax form 1040a Loss on the sale of accounts receivable (if you use an accrual method of accounting). 2012 tax form 1040a Interest and litigation expenses on state and federal income taxes related to your business. 2012 tax form 1040a Unrecovered investment in a pension or annuity claimed on a decedent's final return. 2012 tax form 1040a Payment by a federal employee to buy back sick leave used in an earlier year. 2012 tax form 1040a Nonbusiness income (line 7). 2012 tax form 1040a   Enter on line 7 only income that is not related to your trade or business or your employment. 2012 tax form 1040a For example, enter your annuity income, dividends, and interest on investments. 2012 tax form 1040a Also, include your share of nonbusiness income from partnerships and S corporations. 2012 tax form 1040a   Do not include on line 7 the income you receive from your trade or business or your employment. 2012 tax form 1040a This includes salaries and wages, self-employment income, unemployment compensation included in your gross income, and your share of business income from partnerships and S corporations. 2012 tax form 1040a Also, do not include rental income or ordinary gain from the sale or other disposition of business real estate or depreciable business property. 2012 tax form 1040a Adjustment for section 1202 exclusion (line 17). 2012 tax form 1040a   Enter on line 17 any gain you excluded under section 1202 on the sale or exchange of qualified small business stock. 2012 tax form 1040a Adjustments for capital losses (lines 19–22). 2012 tax form 1040a   The amount deductible for capital losses is limited based on whether the losses are business capital losses or nonbusiness capital losses. 2012 tax form 1040a Nonbusiness capital losses. 2012 tax form 1040a   You can deduct your nonbusiness capital losses (line 2) only up to the amount of your nonbusiness capital gains without regard to any section 1202 exclusion (line 3). 2012 tax form 1040a If your nonbusiness capital losses are more than your nonbusiness capital gains without regard to any section 1202 exclusion, you cannot deduct the excess. 2012 tax form 1040a Business capital losses. 2012 tax form 1040a   You can deduct your business capital losses (line 11) only up to the total of: Your nonbusiness capital gains that are more than the total of your nonbusiness capital losses and excess nonbusiness deductions (line 10), and Your total business capital gains without regard to any section 1202 exclusion (line 12). 2012 tax form 1040a Domestic production activities deduction (line 23). 2012 tax form 1040a   You cannot take the domestic production activities deduction when figuring your NOL. 2012 tax form 1040a Enter on line 23 any domestic production activities deduction claimed on your return. 2012 tax form 1040a NOLs from other years (line 24). 2012 tax form 1040a   You cannot deduct any NOL carryovers or carrybacks from other years. 2012 tax form 1040a Enter the total amount of your NOL deduction for losses from other years. 2012 tax form 1040a Illustrated Form 1045, Schedule A The following example illustrates how to figure an NOL. 2012 tax form 1040a It includes filled-in pages 1 and 2 of Form 1040 and Form 1045, Schedule A. 2012 tax form 1040a Example. 2012 tax form 1040a Glenn Johnson is in the retail record business. 2012 tax form 1040a He is single and has the following income and deductions on his Form 1040 for 2013. 2012 tax form 1040a See the illustrated Form 1040 , later. 2012 tax form 1040a INCOME   Wages from part-time job $1,225 Interest on savings 425 Net long-term capital gain on sale of real estate used in business 2,000 Glenn's total income $3,650 DEDUCTIONS   Net loss from business (gross income of $67,000 minus expenses of $72,000) $5,000 Net short-term capital loss on sale of stock 1,000 Standard deduction 6,100 Personal exemption 3,900 Glenn's total deductions $16,000 Glenn's deductions exceed his income by $12,350 ($16,000 − $3,650). 2012 tax form 1040a However, to figure whether he has an NOL, certain deductions are not allowed. 2012 tax form 1040a He uses Form 1045, Schedule A, to figure his NOL. 2012 tax form 1040a See the Illustrated Form 1045, Schedule A , later. 2012 tax form 1040a The following items are not allowed on Form 1045, Schedule A. 2012 tax form 1040a Nonbusiness net short-term capital loss $1,000 Nonbusiness deductions (standard deduction, $6,100) minus nonbusiness income (interest, $425) 5,675 Deduction for personal exemption 3,900 Total adjustments to net loss $10,575     Therefore, Glenn's NOL for 2013 is figured as follows: Glenn's total 2013 income $3,650 Less:     Glenn's original 2013 total deductions $16,000   Reduced by the disallowed items − 10,575 − 5,425 Glenn's NOL for 2013 $1,775 This image is too large to be displayed in the current screen. 2012 tax form 1040a Please click the link to view the image. 2012 tax form 1040a Form 1040, page 1 This image is too large to be displayed in the current screen. 2012 tax form 1040a Please click the link to view the image. 2012 tax form 1040a Form 1040, page 2 This image is too large to be displayed in the current screen. 2012 tax form 1040a Please click the link to view the image. 2012 tax form 1040a Form 1045, page 2 When To Use an NOL Generally, if you have an NOL for a tax year ending in 2013, you must carry back the entire amount of the NOL to the 2 tax years before the NOL year (the carryback period), and then carry forward any remaining NOL for up to 20 years after the NOL year (the carryforward period). 2012 tax form 1040a You can, however, choose not to carry back an NOL and only carry it forward. 2012 tax form 1040a See Waiving the Carryback Period , later. 2012 tax form 1040a You cannot deduct any part of the NOL remaining after the 20-year carryforward period. 2012 tax form 1040a NOL year. 2012 tax form 1040a   This is the year in which the NOL occurred. 2012 tax form 1040a Exceptions to 2-Year Carryback Rule Eligible losses, farming losses, qualified disaster losses, and specified liability losses, all defined next, qualify for longer carryback periods. 2012 tax form 1040a Eligible loss. 2012 tax form 1040a   The carryback period for eligible losses is 3 years. 2012 tax form 1040a Only the eligible loss portion of the NOL can be carried back 3 years. 2012 tax form 1040a An eligible loss is any part of an NOL that: Is from a casualty or theft, or Is attributable to a federally declared disaster for a qualified small business or certain qualified farming businesses. 2012 tax form 1040a Qualified small business. 2012 tax form 1040a   A qualified small business is a sole proprietorship or a partnership that has average annual gross receipts (reduced by returns and allowances) of $5 million or less during the 3-year period ending with the tax year of the NOL. 2012 tax form 1040a If the business did not exist for this entire 3-year period, use the period the business was in existence. 2012 tax form 1040a   An eligible loss does not include a farming loss or a qualified disaster loss. 2012 tax form 1040a Farming loss. 2012 tax form 1040a   The carryback period for a farming loss is 5 years. 2012 tax form 1040a Only the farming loss portion of the NOL can be carried back 5 years. 2012 tax form 1040a A farming loss is the smaller of: The amount that would be the NOL for the tax year if only income and deductions attributable to farming businesses were taken into account, or The NOL for the tax year. 2012 tax form 1040a Farming business. 2012 tax form 1040a   A farming business is a trade or business involving cultivation of land or the raising or harvesting of any agricultural or horticultural commodity. 2012 tax form 1040a A farming business can include operating a nursery or sod farm or raising or harvesting most ornamental trees or trees bearing fruit, nuts, or other crops. 2012 tax form 1040a The raising, shearing, feeding, caring for, training, and management of animals is also considered a farming business. 2012 tax form 1040a   A farming business does not include contract harvesting of an agricultural or horticultural commodity grown or raised by someone else. 2012 tax form 1040a It also does not include a business in which you merely buy or sell plants or animals grown or raised entirely by someone else. 2012 tax form 1040a Waiving the 5-year carryback. 2012 tax form 1040a   You can choose to figure the carryback period for a farming loss without regard to the special 5-year carryback rule. 2012 tax form 1040a To make this choice for 2013, attach to your 2013 income tax return filed by the due date (including extensions) a statement that you are choosing to treat any 2013 farming losses without regard to the special 5-year carryback rule. 2012 tax form 1040a If you filed your original return on time but did not file the statement with it, you can make this choice on an amended return filed within 6 months after the due date of the return (excluding extensions). 2012 tax form 1040a Attach an election statement to your amended return, and write “Filed pursuant to section 301. 2012 tax form 1040a 9100-2” at the top of the statement. 2012 tax form 1040a Once made, this choice is irrevocable. 2012 tax form 1040a Qualified disaster loss. 2012 tax form 1040a   The carryback period for a qualified disaster loss is 5 years. 2012 tax form 1040a Only the qualified disaster loss portion of the NOL can be carried back 5 years. 2012 tax form 1040a A qualified disaster loss is the smaller of: The sum of: Any losses attributable to a federally declared disaster and occurring before January 1, 2010, in the disaster area, plus Any allowable qualified disaster expenses (even if you did not choose to treat those expenses as deductions in the current year), or The NOL for the tax year. 2012 tax form 1040a Qualified disaster expenses. 2012 tax form 1040a   A qualified disaster expense is any capital expense paid or incurred in connection with a trade or business or with business-related property which is: For the abatement or control of hazardous substances that were released as a result of a federally declared disaster occurring before January 1, 2010, For the removal of debris from, or the demolition of structures on, real property which is business-related property damaged or destroyed as a result of a federally declared disaster occurring before January 1, 2010, or For the repair of business-related property damaged as a result of a federally declared disaster occurring before January 1, 2010. 2012 tax form 1040a Business-related property is property held for use in a trade or business, property held for the production of income, or inventory property. 2012 tax form 1040a Note. 2012 tax form 1040a Section 198A allows taxpayers to treat certain capital expenses (qualified disaster expenses) as deductions in the year the expenses were paid or incurred. 2012 tax form 1040a Excluded losses. 2012 tax form 1040a   A qualified disaster loss does not include any losses from property used in connection with any private or commercial golf course, country club, massage parlor, hot tub facility, suntan facility, or any store for which the principal business is the sale of alcoholic beverages for consumption off premises. 2012 tax form 1040a   A qualified disaster loss also does not include any losses from any gambling or animal racing property. 2012 tax form 1040a Gambling or animal racing property is any equipment, furniture, software, or other property used directly in connection with gambling, the racing of animals, or the on-site viewing of such racing, and the portion of any real property (determined by square footage) that is dedicated to gambling, the racing of animals, or the on-site viewing of such racing, unless this portion is less than 100 square feet. 2012 tax form 1040a Specified liability loss. 2012 tax form 1040a   The carryback period for a specified liability loss is 10 years. 2012 tax form 1040a Only the specified liability loss portion of the NOL can be carried back 10 years. 2012 tax form 1040a Generally, a specified liability loss is a loss arising from: Product liability and expenses incurred in the investigation or settlement of, or opposition to, product liability claims, or An act (or failure to act) that occurred at least 3 years before the beginning of the loss year and resulted in a liability under a federal or state law requiring: Reclamation of land, Dismantling of a drilling platform, Remediation of environmental contamination, or Payment under any workers compensation act. 2012 tax form 1040a   Any loss from a liability arising from (1) through (4) above can be taken into account as a specified liability loss only if you used an accrual method of accounting throughout the period in which the act (or failure to act) occurred. 2012 tax form 1040a For details, see section 172(f). 2012 tax form 1040a Waiving the 10-year carryback. 2012 tax form 1040a   You can choose to figure the carryback period for a specified liability loss without regard to the special 10-year carryback rule. 2012 tax form 1040a To make this choice for 2013 attach to your 2013 income tax return filed by the due date (including extensions) a statement that you are choosing to treat any 2013 specified liability losses without regard to the special 10-year carryback rule. 2012 tax form 1040a If you filed your original return on time but did not file the statement with it, you can make this choice on an amended return filed within 6 months after the due date of the return (excluding extensions). 2012 tax form 1040a Attach a statement to your amended return and write “Filed pursuant to section 301. 2012 tax form 1040a 9100-2” at the top of the statement. 2012 tax form 1040a Once made, this choice is irrevocable. 2012 tax form 1040a Waiving the Carryback Period You can choose not to carry back your NOL. 2012 tax form 1040a If you make this choice, then you can use your NOL only in the 20-year carryforward period. 2012 tax form 1040a (This choice means you also choose not to carry back any alternative tax NOL. 2012 tax form 1040a ) To make this choice, attach a statement to your original return filed by the due date (including extensions) for the NOL year. 2012 tax form 1040a This statement must show that you are choosing to waive the carryback period under section 172(b)(3). 2012 tax form 1040a If you filed your original return on time but did not file the statement with it, you can make this choice on an amended return filed within 6 months of the due date of the return (excluding extensions). 2012 tax form 1040a Attach a statement to your amended return, and write “Filed pursuant to section 301. 2012 tax form 1040a 9100-2” at the top of the statement. 2012 tax form 1040a Once you choose to waive the carryback period, it generally is irrevocable. 2012 tax form 1040a If you choose to waive the carryback period for more than one NOL, you must make a separate choice and attach a separate statement for each NOL year. 2012 tax form 1040a If you do not file this statement on time, you cannot waive the carryback period. 2012 tax form 1040a How To Carry an NOL Back or Forward If you choose to carry back the NOL, you must first carry the entire NOL to the earliest carryback year. 2012 tax form 1040a If your NOL is not used up, you can carry the rest to the next earliest carryback year, and so on. 2012 tax form 1040a If you waive the carryback period or do not use up the NOL in the carryback period, carry forward what remains of the NOL to the 20 tax years following the NOL year. 2012 tax form 1040a Start by carrying it to the first tax year after the NOL year. 2012 tax form 1040a If you do not use it up, carry the unused part to the next year. 2012 tax form 1040a Continue to carry any unused part of the NOL forward until the NOL is used up or you complete the 20-year carryforward period. 2012 tax form 1040a Example 1. 2012 tax form 1040a You started your business as a sole proprietor in 2013 and had a $42,000 NOL for the year. 2012 tax form 1040a No part of the NOL qualifies for the 3-year, 5-year, or 10-year carryback. 2012 tax form 1040a You begin using your NOL in 2011, the second year before the NOL year, as shown in the following chart. 2012 tax form 1040a Year   Carryback/  Carryover Unused  Loss 2011 $42,000 $40,000 2012 40,000 37,000 2013 (NOL year)     2014 37,000 31,500 2015 31,500 22,500 2016 22,500 12,700 2017 12,700 4,000 2018 4,000 -0- If your loss were larger, you could carry it forward until the year 2033. 2012 tax form 1040a If you still had an unused 2013 carryforward after the year 2033, you would not be allowed to deduct it. 2012 tax form 1040a Example 2. 2012 tax form 1040a Assume the same facts as in Example 1 , except that $4,000 of the NOL is attributable to a casualty loss and this loss qualifies for a 3-year carryback period. 2012 tax form 1040a You begin using the $4,000 in 2010. 2012 tax form 1040a As shown in the following chart, $3,000 of this NOL is used in 2010. 2012 tax form 1040a The remaining $1,000 is carried to 2011 with the $38,000 NOL that you must begin using in 2011. 2012 tax form 1040a Year   Carryback/  Carryover Unused  Loss 2010 $4,000 $1,000 2011 39,000 37,000 2012 37,000 34,000 2013 (NOL year)     2014 34,000 28,500 2015 28,500 19,500 2016 19,500 9,700 2017 9,700 1,000 2018 1,000 -0- How To Claim an NOL Deduction If you have not already carried the NOL to an earlier year, your NOL deduction is the total NOL. 2012 tax form 1040a If you carried the NOL to an earlier year, your NOL deduction is the carried over NOL minus the NOL amount you used in the earlier year or years. 2012 tax form 1040a If you carry more than one NOL to the same year, your NOL deduction is the total of these carrybacks and carryovers. 2012 tax form 1040a NOL resulting in no taxable income. 2012 tax form 1040a   If your NOL is more than the taxable income of the year you carry it to (figured before deducting the NOL), you generally will have an NOL carryover to the next year. 2012 tax form 1040a See How To Figure an NOL Carryover , later, to determine how much NOL you have used and how much you carry to the next year. 2012 tax form 1040a Deducting a Carryback If you carry back your NOL, you can use either Form 1045 or Form 1040X. 2012 tax form 1040a You can get your refund faster by using Form 1045, but you have a shorter time to file it. 2012 tax form 1040a You can use Form 1045 to apply an NOL to all carryback years. 2012 tax form 1040a If you use Form 1040X, you must use a separate Form 1040X for each carryback year to which you apply the NOL. 2012 tax form 1040a Estates and trusts that do not file Form 1045 must file an amended Form 1041 (instead of Form 1040X) for each carryback year to which NOLs are applied. 2012 tax form 1040a Use a copy of the appropriate year's Form 1041, check the “Amended return” box, and follow the Form 1041 instructions for amended returns. 2012 tax form 1040a Include the NOL deduction with other deductions not subject to the 2% limit (line 15a). 2012 tax form 1040a Also, see the special procedures for filing an amended return due to an NOL carryback, explained under Form 1040X , later. 2012 tax form 1040a Form 1045. 2012 tax form 1040a   You can apply for a quick refund by filing Form 1045. 2012 tax form 1040a This form results in a tentative adjustment of tax in the carryback year. 2012 tax form 1040a See the Illustrated Form 1045 . 2012 tax form 1040a at the end of this discussion. 2012 tax form 1040a   If the IRS refunds or credits an amount to you from Form 1045 and later determines that the refund or credit is too much, the IRS may assess and collect the excess immediately. 2012 tax form 1040a   Generally, you must file Form 1045 on or after the date you file your tax return for the NOL year, but not later than one year after the end of the NOL year. 2012 tax form 1040a If the last day of the NOL year falls on a Saturday, Sunday, or holiday, the form will be considered timely if postmarked on the next business day. 2012 tax form 1040a For example, if you are a calendar year taxpayer with a carryback from 2013 to 2011, you must file Form 1045 on or after the date you file your tax return for 2013, but no later than December 31, 2014. 2012 tax form 1040a Form 1040X. 2012 tax form 1040a   If you do not file Form 1045, you can file Form 1040X to get a refund of tax because of an NOL carryback. 2012 tax form 1040a File Form 1040X within 3 years after the due date, including extensions, for filing the return for the NOL year. 2012 tax form 1040a For example, if you are a calendar year taxpayer and filed your 2011 return by the April 15, 2012, due date, you must file a claim for refund of 2008 tax because of an NOL carryback from 2011 by April 15, 2015. 2012 tax form 1040a   Attach a computation of your NOL using Form 1045, Schedule A, and, if it applies, your NOL carryover using Form 1045, Schedule B, discussed later . 2012 tax form 1040a Refiguring your tax. 2012 tax form 1040a   To refigure your total tax liability for a carryback year, first refigure your adjusted gross income for that year. 2012 tax form 1040a (On Form 1045, use lines 10 and 11 and the “After carryback” column for the applicable carryback year. 2012 tax form 1040a ) Use your adjusted gross income after applying the NOL deduction to refigure income or deduction items that are based on, or limited to, a percentage of your adjusted gross income. 2012 tax form 1040a Refigure the following items. 2012 tax form 1040a The special allowance for passive activity losses from rental real estate activities. 2012 tax form 1040a Taxable social security and tier 1 railroad retirement benefits. 2012 tax form 1040a IRA deductions. 2012 tax form 1040a Excludable savings bond interest. 2012 tax form 1040a Excludable employer-provided adoption benefits. 2012 tax form 1040a The student loan interest deduction. 2012 tax form 1040a The tuition and fees deduction. 2012 tax form 1040a   If more than one of these items apply, refigure them in the order listed above, using your adjusted gross income after applying the NOL deduction and any previous item. 2012 tax form 1040a (Enter your NOL deduction on Form 1045, line 10. 2012 tax form 1040a On line 11, using the “After carryback” column, enter your adjusted gross income refigured after applying the NOL deduction and after refiguring any above items. 2012 tax form 1040a )   Next, refigure your taxable income. 2012 tax form 1040a (On Form 1045, use lines 12 through 15 and the “After carryback” column. 2012 tax form 1040a ) Use your refigured adjusted gross income (Form 1045, line 11, using the “After carryback” column) to refigure certain deductions and other items that are based on or limited to a percentage of your adjusted gross income. 2012 tax form 1040a Refigure the following items. 2012 tax form 1040a The itemized deduction for medical expenses. 2012 tax form 1040a The itemized deduction for qualified mortgage insurance premiums. 2012 tax form 1040a The itemized deduction for casualty losses. 2012 tax form 1040a Miscellaneous itemized deductions subject to the 2% limit. 2012 tax form 1040a The overall limit on itemized deductions (do not apply to carryback years beginning after December 31, 2009). 2012 tax form 1040a The phaseout of the deduction for exemptions (do not apply to carryback years beginning after December 31, 2009). 2012 tax form 1040a Qualified motor vehicle tax (do not apply to carryback years beginning after December 31, 2009). 2012 tax form 1040a    Do not refigure the itemized deduction for charitable contributions. 2012 tax form 1040a   Finally, use your refigured taxable income (Form 1045, line 15, using the “After carryback” column) to refigure your total tax liability. 2012 tax form 1040a Refigure your income tax, your alternative minimum tax, and any credits that are based on or limited by your adjusted gross income (AGI), modified adjusted gross income (MAGI), or tax liability. 2012 tax form 1040a (On Form 1045, use lines 16 through 25, and the “After carryback” column. 2012 tax form 1040a ) The earned income credit, for example, may be affected by changes to adjusted gross income or the amount of tax (or both) and, therefore, must be recomputed. 2012 tax form 1040a If you become eligible for a credit because of the carryback, complete the form for that specific credit (such as the EIC Worksheet) for that year. 2012 tax form 1040a   While it is necessary to refigure your income tax, alternative minimum tax, and credits, do not refigure your self-employment tax. 2012 tax form 1040a Deducting a Carryforward If you carry forward your NOL to a tax year after the NOL year, list your NOL deduction as a negative figure on the “Other income” line of Form 1040 or Form 1040NR (line 21 for 2013). 2012 tax form 1040a Estates and trusts include an NOL deduction on Form 1041 with other deductions not subject to the 2% limit (line 15a for 2013). 2012 tax form 1040a You must attach a statement that shows all the important facts about the NOL. 2012 tax form 1040a Your statement should include a computation showing how you figured the NOL deduction. 2012 tax form 1040a If you deduct more than one NOL in the same year, your statement must cover each of them. 2012 tax form 1040a Change in Marital Status If you and your spouse were not married to each other in all years involved in figuring NOL carrybacks and carryovers, only the spouse who had the loss can take the NOL deduction. 2012 tax form 1040a If you file a joint return, the NOL deduction is limited to the income of that spouse. 2012 tax form 1040a For example, if your marital status changes because of death or divorce, and in a later year you have an NOL, you can carry back that loss only to the part of the income reported on the joint return (filed with your former spouse) that was related to your taxable income. 2012 tax form 1040a After you deduct the NOL in the carryback year, the joint rates apply to the resulting taxable income. 2012 tax form 1040a Refund limit. 2012 tax form 1040a   If you are not married in the NOL year (or are married to a different spouse), and in the carryback year you were married and filed a joint return, your refund for the overpaid joint tax may be limited. 2012 tax form 1040a You can claim a refund for the difference between your share of the refigured tax and your contribution toward the tax paid on the joint return. 2012 tax form 1040a The refund cannot be more than the joint overpayment. 2012 tax form 1040a Attach a statement showing how you figured your refund. 2012 tax form 1040a Figuring your share of a joint tax liability. 2012 tax form 1040a   There are five steps for figuring your share of the refigured joint tax liability. 2012 tax form 1040a Figure your total tax as though you had filed as married filing separately. 2012 tax form 1040a Figure your spouse's total tax as though your spouse had also filed as married filing separately. 2012 tax form 1040a Add the amounts in (1) and (2). 2012 tax form 1040a Divide the amount in (1) by the amount in (3). 2012 tax form 1040a Multiply the refigured tax on your joint return by the amount figured in (4). 2012 tax form 1040a This is your share of the joint tax liability. 2012 tax form 1040a Figuring your contribution toward tax paid. 2012 tax form 1040a   Unless you have an agreement or clear evidence of each spouse's contributions toward the payment of the joint tax liability, figure your contribution by adding the tax withheld on your wages and your share of joint estimated tax payments or tax paid with the return. 2012 tax form 1040a If the original return for the carryback year resulted in an overpayment, reduce your contribution by your share of the tax refund. 2012 tax form 1040a Figure your share of a joint payment or refund by the same method used in figuring your share of the joint tax liability. 2012 tax form 1040a Use your taxable income as originally reported on the joint return in steps (1) and (2) above, and substitute the joint payment or refund for the refigured joint tax in step (5). 2012 tax form 1040a Change in Filing Status If you and your spouse were married and filed a joint return for each year involved in figuring NOL carrybacks and carryovers, figure the NOL deduction on a joint return as you would for an individual. 2012 tax form 1040a However, treat the NOL deduction as a joint NOL. 2012 tax form 1040a If you and your spouse were married and filed separate returns for each year involved in figuring NOL carrybacks and carryovers, the spouse who sustained the loss may take the NOL deduction on a separate return. 2012 tax form 1040a Special rules apply for figuring the NOL carrybacks and carryovers of married people whose filing status changes for any tax year involved in figuring an NOL carryback or carryover. 2012 tax form 1040a Separate to joint return. 2012 tax form 1040a   If you and your spouse file a joint return for a carryback or carryforward year, and were married but filed separate returns for any of the tax years involved in figuring the NOL carryback or carryover, treat the separate carryback or carryover as a joint carryback or carryover. 2012 tax form 1040a Joint to separate returns. 2012 tax form 1040a   If you and your spouse file separate returns for a carryback or carryforward year, but filed a joint return for any or all of the tax years involved in figuring the NOL carryover, figure each of your carryovers separately. 2012 tax form 1040a Joint return in NOL year. 2012 tax form 1040a   Figure each spouse's share of the joint NOL through the following steps. 2012 tax form 1040a Figure each spouse's NOL as if he or she filed a separate return. 2012 tax form 1040a See How To Figure an NOL , earlier. 2012 tax form 1040a If only one spouse has an NOL, stop here. 2012 tax form 1040a All of the joint NOL is that spouse's NOL. 2012 tax form 1040a If both spouses have an NOL, multiply the joint NOL by a fraction, the numerator of which is spouse A's NOL figured in (1) and the denominator of which is the total of the spouses' NOLs figured in (1). 2012 tax form 1040a The result is spouse A's share of the joint NOL. 2012 tax form 1040a The rest of the joint NOL is spouse B's share. 2012 tax form 1040a Example 1. 2012 tax form 1040a Mark and Nancy are married and file a joint return for 2013. 2012 tax form 1040a They have an NOL of $5,000. 2012 tax form 1040a They carry the NOL back to 2011, a year in which Mark and Nancy filed separate returns. 2012 tax form 1040a Figured separately, Nancy's 2013 deductions were more than her income, and Mark's income was more than his deductions. 2012 tax form 1040a Mark does not have any NOL to carry back. 2012 tax form 1040a Nancy can carry back the entire $5,000 NOL to her 2011 separate return. 2012 tax form 1040a Example 2. 2012 tax form 1040a Assume the same facts as in Example 1 , except that both Mark and Nancy had deductions in 2013 that were more than their income. 2012 tax form 1040a Figured separately, his NOL is $1,800 and her NOL is $3,000. 2012 tax form 1040a The sum of their separate NOLs ($4,800) is less than their $5,000 joint NOL because his deductions included a $200 net capital loss that is not allowed in figuring his separate NOL. 2012 tax form 1040a The loss is allowed in figuring their joint NOL because it was offset by Nancy's capital gains. 2012 tax form 1040a Mark's share of their $5,000 joint NOL is $1,875 ($5,000 × $1,800/$4,800) and Nancy's is $3,125 ($5,000 − $1,875). 2012 tax form 1040a Joint return in previous carryback or carryforward year. 2012 tax form 1040a   If only one spouse had an NOL deduction on the previous year's joint return, all of the joint carryover is that spouse's carryover. 2012 tax form 1040a If both spouses had an NOL deduction (including separate carryovers of a joint NOL, figured as explained in the previous discussion ), figure each spouse's share of the joint carryover through the following steps. 2012 tax form 1040a Figure each spouse's modified taxable income as if he or she filed a separate return. 2012 tax form 1040a See Modified taxable income under How To Figure an NOL Carryover , later. 2012 tax form 1040a Multiply the joint modified taxable income you used to figure the joint carryover by a fraction, the numerator of which is spouse A's modified taxable income figured in (1) and the denominator of which is the total of the spouses' modified taxable incomes figured in (1). 2012 tax form 1040a This is spouse A's share of the joint modified taxable income. 2012 tax form 1040a Subtract the amount figured in (2) from the joint modified taxable income. 2012 tax form 1040a This is spouse B's share of the joint modified taxable income. 2012 tax form 1040a Reduce the amount figured in (3), but not below zero, by spouse B's NOL deduction. 2012 tax form 1040a Add the amounts figured in (2) and (4). 2012 tax form 1040a Subtract the amount figured in (5) from spouse A's NOL deduction. 2012 tax form 1040a This is spouse A's share of the joint carryover. 2012 tax form 1040a The rest of the joint carryover is spouse B's share. 2012 tax form 1040a Example. 2012 tax form 1040a Sam and Wanda filed a joint return for 2011 and separate returns for 2012 and 2013. 2012 tax form 1040a In 2013, Sam had an NOL of $18,000 and Wanda had an NOL of $2,000. 2012 tax form 1040a They choose to carry back both NOLs 2 years to their 2011 joint return and claim a $20,000 NOL deduction. 2012 tax form 1040a Their joint modified taxable income (MTI) for 2011 is $15,000, and their joint NOL carryover to 2012 is $5,000 ($20,000 – $15,000). 2012 tax form 1040a Sam and Wanda each figure their separate MTI for 2011 as if they had filed separate returns. 2012 tax form 1040a Then they figure their shares of the $5,000 carryover as follows. 2012 tax form 1040a Step 1. 2012 tax form 1040a   Sam's separate MTI $9,000 Wanda's separate MTI + 3,000 Total MTI $12,000 Step 2. 2012 tax form 1040a   Joint MTI $15,000 Sam's MTI ÷ total MTI ($9,000 ÷ $12,000) × . 2012 tax form 1040a 75 Sam's share of joint MTI $11,250 Step 3. 2012 tax form 1040a   Joint MTI $15,000 Sam's share of joint MTI − 11,250 Wanda's share of joint MTI $3,750 Step 4. 2012 tax form 1040a   Wanda's share of joint MTI $3,750 Wanda's NOL deduction − 2,000 Wanda's remaining share $1,750 Step 5. 2012 tax form 1040a   Sam's share of joint MTI $11,250 Wanda's remaining share + 1,750 Joint MTI to be offset $13,000 Step 6. 2012 tax form 1040a   Sam's NOL deduction $18,000 Joint MTI to be offset − 13,000 Sam's carryover to 2012 $5,000 Joint carryover to 2012 $5,000 Sam's carryover − 5,000 Wanda's carryover to 2012 $-0- Wanda's $2,000 NOL deduction offsets $2,000 of her $3,750 share of the joint modified taxable income and is completely used up. 2012 tax form 1040a She has no carryover to 2012. 2012 tax form 1040a Sam's $18,000 NOL deduction offsets all of his $11,250 share of joint modified taxable income and the remaining $1,750 of Wanda's share. 2012 tax form 1040a His carryover to 2012 is $5,000. 2012 tax form 1040a Illustrated Form 1045 The following example illustrates how to use Form 1045 to claim an NOL deduction in a carryback year. 2012 tax form 1040a It includes a filled-in page 1 of Form 1045. 2012 tax form 1040a Example. 2012 tax form 1040a Martha Sanders is a self-employed contractor. 2012 tax form 1040a Martha's 2013 deductions are more than her 2013 income because of a business loss. 2012 tax form 1040a She uses Form 1045 to carry back her NOL 2 years and claim an NOL deduction in 2011. 2012 tax form 1040a Her filing status in both years was single. 2012 tax form 1040a See the filled-in Form 1045 later. 2012 tax form 1040a Martha figures her 2013 NOL on Form 1045, Schedule A (not shown). 2012 tax form 1040a (For an example using Form 1045, Schedule A, see Illustrated Form 1045, Schedule A under How To Figure an NOL , earlier. 2012 tax form 1040a ) She enters the $10,000 NOL from Form 1045, Schedule A, line 25, on Form 1045, line 1a. 2012 tax form 1040a Martha completes lines 10 through 25, using the “Before carryback” column under the column for the second preceding tax year ended 12/31/11 on page 1 of Form 1045 using the following amounts from her 2011 return. 2012 tax form 1040a 2011 Adjusted gross income $50,000 Itemized deductions:     Medical expenses [$6,000 − ($50,000 × 7. 2012 tax form 1040a 5%)] $2,250   State income tax + 2,000   Real estate tax + 4,000   Home mortgage interest + 5,000   Total itemized deductions $13,250 Exemption $3,700 Income tax $4,550 Self-employment tax $6,120   Martha refigures her taxable income for 2011 after carrying back her 2013 NOL as follows: 2011 Adjusted gross income $50,000 Less:     NOL from 2013 −10,000 2011 Adjusted gross income after carryback $40,000 Less:     Itemized deductions:     Medical expenses [$6,000 − ($40,000 × 7. 2012 tax form 1040a 5%)] $3,000   State income tax + 2,000   Real estate tax + 4,000   Home mortgage interest + 5,000   Total itemized deductions −14,000 Less:     Exemption − 3,700 2011 Taxable income after carryback $22,300 Martha then completes lines 10 through 25, using the “After carryback” column under the column for the second preceding tax year ended 12/31/11. 2012 tax form 1040a On line 10, Martha enters her $10,000 NOL deduction. 2012 tax form 1040a Her new adjusted gross income on line 11 is $40,000 ($50,000 − $10,000). 2012 tax form 1040a To complete line 12, she must refigure her medical expense deduction using her new adjusted gross income. 2012 tax form 1040a Her refigured medical expense deduction is $3,000 [$6,000 − ($40,000 × 7. 2012 tax form 1040a 5%)]. 2012 tax form 1040a This increases her total itemized deductions to $14,000 [$13,250 + ($3,000 − $2,250)]. 2012 tax form 1040a Martha uses her refigured taxable income ($22,300) from line 15, and the tax tables in her 2011 Form 1040 instructions to find her income tax. 2012 tax form 1040a She enters the new amount, $2,924, on line 16, and her new total tax liability, $9,044, on line 25. 2012 tax form 1040a Martha used up her $10,000 NOL in 2011 so she does not complete a column for the first preceding tax year ended 12/31/2012. 2012 tax form 1040a The decrease in tax because of her NOL deduction (line 27) is $1,612. 2012 tax form 1040a Martha files Form 1045 after filing her 2013 return, but no later than December 31, 2014. 2012 tax form 1040a She mails it to the Internal Revenue Service Center for the place where she lives as shown in the 2013 instructions for Form 1040 and attaches a copy of her 2013 return (including the applicable forms and schedules). 2012 tax form 1040a This image is too large to be displayed in the current screen. 2012 tax form 1040a Please click the link to view the image. 2012 tax form 1040a Form 1045, page 1 How To Figure an NOL Carryover If your NOL is more than your taxable income for the year to which you carry it (figured before deducting the NOL), you may have an NOL carryover. 2012 tax form 1040a You must make certain modifications to your taxable income to determine how much NOL you will use up in that year and how much you can carry over to the next tax year. 2012 tax form 1040a Your carryover is the excess of your NOL deduction over your modified taxable income for the carryback or carryforward year. 2012 tax form 1040a If your NOL deduction includes more than one NOL, apply the NOLs against your modified taxable income in the same order in which you incurred them, starting with the earliest. 2012 tax form 1040a Modified taxable income. 2012 tax form 1040a   Your modified taxable income is your taxable income figured with the following changes. 2012 tax form 1040a You cannot claim an NOL deduction for the NOL carryover you are figuring or for any later NOL. 2012 tax form 1040a You cannot claim a deduction for capital losses in excess of your capital gains. 2012 tax form 1040a Also, you must increase your taxable income by the amount of any section 1202 exclusion. 2012 tax form 1040a You cannot claim the domestic production activities deduction. 2012 tax form 1040a You cannot claim a deduction for your exemptions for yourself, your spouse, or dependents. 2012 tax form 1040a You must figure any item affected by the amount of your adjusted gross income after making the changes in (1), (2), and (3), above, and certain other changes to your adjusted gross income that result from (1), (2), and (3). 2012 tax form 1040a This includes income and deduction items used to figure adjusted gross income (for example, IRA deductions), as well as certain itemized deductions. 2012 tax form 1040a To figure a charitable contribution deduction, do not include deductions for NOL carrybacks in the change in (1) but do include deductions for NOL carryforwards from tax years before the NOL year. 2012 tax form 1040a   Your taxable income as modified cannot be less than zero. 2012 tax form 1040a Form 1045, Schedule B. 2012 tax form 1040a   You can use Form 1045, Schedule B, to figure your modified taxable income for carryback years and your carryover from each of those years. 2012 tax form 1040a Do not use Form 1045, Schedule B, for a carryforward year. 2012 tax form 1040a If your 2013 return includes an NOL deduction from an NOL year before 2013 that reduced your taxable income to zero (to less than zero, if an estate or trust), see NOL Carryover From 2013 to 2014 , later. 2012 tax form 1040a Illustrated Form 1045, Schedule B The following example illustrates how to figure an NOL carryover from a carryback year. 2012 tax form 1040a It includes a filled-in Form 1045, Schedule B. 2012 tax form 1040a Example. 2012 tax form 1040a Ida Brown runs a small clothing shop. 2012 tax form 1040a In 2013, she has an NOL of $36,000 that she carries back to 2011. 2012 tax form 1040a She has no other carrybacks or carryforwards to 2011. 2012 tax form 1040a Ida's adjusted gross income in 2011 was $35,000, consisting of her salary of $36,000 minus a $1,000 capital loss deduction. 2012 tax form 1040a She is single and claimed only one personal exemption of $3,700. 2012 tax form 1040a During that year, she gave $1,450 in charitable contributions. 2012 tax form 1040a Her medical expenses were $3,000. 2012 tax form 1040a She also deducted $1,650 in taxes and $3,125 in home mortgage interest. 2012 tax form 1040a Her deduction for charitable contributions was not limited because her contributions, $1,450, were less than 50% of her adjusted gross income. 2012 tax form 1040a The deduction for medical expenses was limited to expenses over 7. 2012 tax form 1040a 5% of adjusted gross income (. 2012 tax form 1040a 075 × $35,000 = $2,625; $3,000 − $2,625 = $375). 2012 tax form 1040a The deductions for taxes and home mortgage interest were not subject to any limits. 2012 tax form 1040a She was able to claim $6,600 ($1,450 + $375 + $1,650 + $3,125) in itemized deductions and a personal exemption deduction of $3,700 for 2011. 2012 tax form 1040a She had no other deductions in 2011 (except the NOL deduction). 2012 tax form 1040a Her taxable income (figured without the NOL deduction) for the year was $24,700. 2012 tax form 1040a Ida's adjusted gross income in 2012 was $9,325, consisting of net business income from the clothing shop of $12,325 and a net capital loss of $3,000. 2012 tax form 1040a She did not itemize her deductions in 2012. 2012 tax form 1040a She deducted the standard deduction of $5,950 and the personal exemption deduction of $3,800. 2012 tax form 1040a She had no other deductions in 2012 (other than the NOL deduction). 2012 tax form 1040a Her taxable income, therefore, was ($425). 2012 tax form 1040a Ida's $36,000 carryback will result in her having 2011 taxable income of zero. 2012 tax form 1040a She then completes the column for the second preceding tax year ended 12/31/11 on Form 1045, Schedule B, to figure how much of her NOL she uses up in 2011 and how much she can carry over to 2012. 2012 tax form 1040a She completes the column for the first preceding tax year ended 12/31/12. 2012 tax form 1040a See the illustrated Form 1045, Schedule B , shown later. 2012 tax form 1040a Column 1, line 1. 2012 tax form 1040a Ida enters $36,000, her 2013 net operating loss, on line 1. 2012 tax form 1040a Column 1, line 2. 2012 tax form 1040a She enters $24,700, her 2011 taxable income (figured without the NOL deduction), on line 2. 2012 tax form 1040a Column 1, line 3. 2012 tax form 1040a Ida enters her net capital loss deduction of $1,000 on line 3. 2012 tax form 1040a Column 1, lines 4 and 5. 2012 tax form 1040a Ida had no section 1202 exclusion or domestic production activities deduction in 2011. 2012 tax form 1040a She enters zero on lines 4 and 5. 2012 tax form 1040a Column 1, line 6. 2012 tax form 1040a Although Ida's entry on line 3 modifies her adjusted gross income, that does not affect any other items included in her adjusted gross income. 2012 tax form 1040a Ida enters zero on line 6. 2012 tax form 1040a Column 1, line 7. 2012 tax form 1040a Ida had itemized deductions and entered $1,000 on line 3, so she completes lines 11 through 38 to figure her adjustment to itemized deductions. 2012 tax form 1040a On line 7, she enters the total adjustment from line 38. 2012 tax form 1040a Column 1, line 8. 2012 tax form 1040a Ida enters the deduction for her personal exemption of $3,700 for 2011. 2012 tax form 1040a Column 1, line 9. 2012 tax form 1040a After combining lines 2 through 8, Ida's modified taxable income is $29,475. 2012 tax form 1040a Column 1, line 10. 2012 tax form 1040a Ida figures her carryover to 2012 by subtracting her modified taxable income (line 9) from her NOL deduction (line 1). 2012 tax form 1040a She enters the $6,525 carryover on line 10. 2012 tax form 1040a She also enters the $6,525 as her NOL deduction for 2012 on Form 1045, page 1, line 10, in the “After carryback” column under the column for the first preceding tax year ended 12/31/12. 2012 tax form 1040a (For an illustrated example of page 1 of Form 1045, see Illustrated Form 1045 under How To Claim an NOL Deduction , earlier. 2012 tax form 1040a ) Next, Ida completes column 2 for the first preceding tax year ended 12/31/12. 2012 tax form 1040a Column 1, line 11. 2012 tax form 1040a Ida's adjusted gross income for 2011 was $35,000. 2012 tax form 1040a Column 1, line 12. 2012 tax form 1040a She adds lines 3 through 6 and enters $1,000 on line 12. 2012 tax form 1040a (This is her net capital loss deduction added back, which modifies her adjusted gross income. 2012 tax form 1040a ) Column 1, line 13. 2012 tax form 1040a Her modified adjusted gross income for 2011 is now $36,000. 2012 tax form 1040a Column 1, line 14. 2012 tax form 1040a On her 2011 tax return, she deducted $375 as medical expenses. 2012 tax form 1040a Column 1, line 15. 2012 tax form 1040a Her actual medical expenses were $3,000. 2012 tax form 1040a Column 1, line 16. 2012 tax form 1040a She multiplies her modified adjusted gross income, $36,000, by . 2012 tax form 1040a 075. 2012 tax form 1040a She enters $2,700 on line 16. 2012 tax form 1040a Column 1, line 17. 2012 tax form 1040a She substracts $2,700 from her actual medical expenses, $3,000. 2012 tax form 1040a She enters $300 on line 17. 2012 tax form 1040a This is her modified medical deduction. 2012 tax form 1040a Column 1, line 18. 2012 tax form 1040a The difference between her medical deduction and her modified medical deduction is $75. 2012 tax form 1040a She enters this on line 18. 2012 tax form 1040a Column 1, lines 19 through 21. 2012 tax form 1040a Ida had no deduction for qualified mortgage insurance premiums in 2011. 2012 tax form 1040a She skips lines 19 and 20 and enters zero on line 21. 2012 tax form 1040a Column 1, line 22. 2012 tax form 1040a She enters her modified adjusted gross income of $36,000 on line 22. 2012 tax form 1040a Column 1, line 23. 2012 tax form 1040a She had no other carrybacks to 2011 and enters zero on line 23. 2012 tax form 1040a Column 1, line 24. 2012 tax form 1040a Her modified adjusted gross income remains $36,000. 2012 tax form 1040a Column 1, line 25. 2012 tax form 1040a Her actual contributions for 2011 were $1,450, which she enters on line 25. 2012 tax form 1040a Column 1, line 26. 2012 tax form 1040a She now refigures her charitable contributions based on her modified adjusted gross income. 2012 tax form 1040a Her contributions are well below the 50% limit, so she enters $1,450 on line 26. 2012 tax form 1040a Column 1, line 27. 2012 tax form 1040a The difference is zero. 2012 tax form 1040a Column 1, lines 28 through 37. 2012 tax form 1040a Ida had no casualty losses or deductions for miscellaneous items in 2011. 2012 tax form 1040a She skips lines 28 through 31 and lines 33 through 36. 2012 tax form 1040a Ida enters zero on lines 32 and 37. 2012 tax form 1040a Column 1, line 38. 2012 tax form 1040a She combines lines 18, 21, 27, 32, and 37 and enters $75 on line 38. 2012 tax form 1040a She carries this figure to line 7. 2012 tax form 1040a Column 2, line 1. 2012 tax form 1040a Ida enters $6,525, the carryback of her 2013 NOL to 2012, from column 1, line 10, on line 1. 2012 tax form 1040a Column 2, line 2. 2012 tax form 1040a She enters ($425), her 2012 taxable income, on line 2. 2012 tax form 1040a Column 2, line 3. 2012 tax form 1040a Ida enters her net capital loss deduction of $3,000 on line 3. 2012 tax form 1040a Column 2, lines 4 and 5. 2012 tax form 1040a Ida had no section 1202 exclusion or domestic production activities deduction in 2012. 2012 tax form 1040a She enters zero on lines 4 and 5. 2012 tax form 1040a Column 2, line 6. 2012 tax form 1040a Although Ida's entry on line 3 modifies her adjusted gross income, that does not affect any other items included in her adjusted gross income. 2012 tax form 1040a Ida enters zero on line 6. 2012 tax form 1040a Column 2, line 7. 2012 tax form 1040a Because Ida did not itemize deductions on her 2012 tax return, she enters zero on line 7. 2012 tax form 1040a Column 2, line 8. 2012 tax form 1040a Ida enters the deduction for her personal exemption of $3,800 for 2012. 2012 tax form 1040a Column 2, line 9. 2012 tax form 1040a After combining lines 2 through 8, Ida's modified taxable income is $6,375. 2012 tax form 1040a Column 2, line 10. 2012 tax form 1040a Ida figures her carryforward to 2014 by subtracting her modified taxable income (line 9) from her NOL deduction (line 1). 2012 tax form 1040a She enters the $150 carryover on line 10. 2012 tax form 1040a This image is too large to be displayed in the current screen. 2012 tax form 1040a Please click the link to view the image. 2012 tax form 1040a Form 1045, page 3 This image is too large to be displayed in the current screen. 2012 tax form 1040a Please click the link to view the image. 2012 tax form 1040a Form 1045, page 4 NOL Carryover From 2013 to 2014 If you had an NOL deduction carried forward from a year prior to 2013 that resulted in your having taxable income on your 2013 return of zero (of less than zero, if an estate or trust), complete Table 1 , Worksheet for NOL Carryover From 2013 to 2014, on the following pages. 2012 tax form 1040a It will help you figure your NOL to carry to 2014. 2012 tax form 1040a Keep the worksheet for your records. 2012 tax form 1040a Worksheet Instructions At the top of the worksheet, enter the NOL year for which you are figuring the carryover. 2012 tax form 1040a More than one NOL. 2012 tax form 1040a   If your 2013 NOL deduction includes amounts for more than one loss year, complete this worksheet only for one loss year. 2012 tax form 1040a To determine which year, start with your earliest NOL and subtract each NOL separately from your taxable income figured without the NOL deduction. 2012 tax form 1040a Complete this worksheet for the earliest NOL that results in your having taxable income below zero. 2012 tax form 1040a Your NOL carryover to 2014 is the total of the amount on line 10 of the worksheet and all later NOL amounts. 2012 tax form 1040a Example. 2012 tax form 1040a Your taxable income for 2013 is $5,000 without your $9,000 NOL deduction. 2012 tax form 1040a Your NOL deduction includes a $2,000 carryover from 2011 and a $7,000 carryover from 2012. 2012 tax form 1040a Subtract your 2011 NOL of $2,000 from $5,000. 2012 tax form 1040a This gives you taxable income of $3,000. 2012 tax form 1040a Your 2011 NOL is now completely used up. 2012 tax form 1040a Subtract your $7,000 2012 NOL from $3,000. 2012 tax form 1040a This gives you taxable income of ($4,000). 2012 tax form 1040a You now complete the worksheet for your 2012 NOL. 2012 tax form 1040a Your NOL carryover to 2014 is the unused part of your 2012 NOL from line 10 of the worksheet. 2012 tax form 1040a Line 2. 2012 tax form 1040a   Treat your NOL deduction for the NOL year entered at the top of the worksheet and later years as a positive amount. 2012 tax form 1040a Add it to your negative taxable income (figured without the NOL deduction). 2012 tax form 1040a Enter the result on line 2. 2012 tax form 1040a Line 6. 2012 tax form 1040a   You must refigure the following income and deductions based on adjusted gross income. 2012 tax form 1040a The special allowance for passive activity losses from rental real estate activities. 2012 tax form 1040a Taxable social security and tier 1 railroad retirement benefits. 2012 tax form 1040a IRA deductions. 2012 tax form 1040a Excludable savings bond interest. 2012 tax form 1040a Excludable employer-provided adoption benefits. 2012 tax form 1040a The student loan interest deduction. 2012 tax form 1040a The tuition and fees deduction. 2012 tax form 1040a   If none of these items apply to you, enter zero on line 6. 2012 tax form 1040a Otherwise, increase your adjusted gross income by the total of lines 3 through 5 and your NOL deduction for the NOL year entered at the top of the worksheet and later years. 2012 tax form 1040a Using this increased adjusted gross income, refigure the items that apply, in the order listed above. 2012 tax form 1040a Your adjustment for each item is the difference between the refigured amount and the amount included on your return. 2012 tax form 1040a Combine the adjustments for previous items with your adjusted gross income before refiguring the next item. 2012 tax form 1040a Keep a record of your computations. 2012 tax form 1040a   Enter your total adjustments for the above items on line 6. 2012 tax form 1040a Line 7. 2012 tax form 1040a   Enter zero if you claimed the standard deduction or the amounts on lines 3 through 5 are zero. 2012 tax form 1040a Otherwise, use lines 11 through 33 of the worksheet to figure the amount to enter on this line. 2012 tax form 1040a Complete only those sections that apply to you. 2012 tax form 1040a Estates and trusts. 2012 tax form 1040a   Enter zero on line 7 if you did not claim any miscellaneous deductions on Form 1041, line 15c, or a casualty or theft loss. 2012 tax form 1040a Otherwise, refigure these deductions by substituting modified adjusted gross income (see below ) for adjusted gross income. 2012 tax form 1040a Subtract the recomputed deductions from those claimed on the return. 2012 tax form 1040a Enter the result on line 7. 2012 tax form 1040a Modified adjusted gross income. 2012 tax form 1040a   To refigure miscellaneous itemized deductions of an estate or trust (Form 1041, line 15c), modified adjusted gross income is the total of the following amounts. 2012 tax form 1040a The adjusted gross income on the return. 2012 tax form 1040a The amounts from lines 3 through 5 of the worksheet. 2012 tax form 1040a The exemption amount from Form 1041, line 20. 2012 tax form 1040a The NOL deduction for the NOL year entered at the top of the worksheet and for later years. 2012 tax form 1040a   To refigure the casualty and theft loss deduction of an estate or trust, modified adjusted gross income is the total of the following amounts. 2012 tax form 1040a The adjusted gross income amount you used to figure the deduction claimed on the return. 2012 tax form 1040a The amounts from lines 3 through 5 of the worksheet. 2012 tax form 1040a The NOL deduction for the NOL year entered at the top of the worksheet and for later years. 2012 tax form 1040a Line 11. 2012 tax form 1040a   Treat your NOL deduction for the NOL year entered at the top of the worksheet and for later years as a positive amount. 2012 tax form 1040a Add it to your adjusted gross income. 2012 tax form 1040a Enter the result on line 11. 2012 tax form 1040a Line 20. 2012 tax form 1040a   Is your modified adjusted gross income from line 13 of this worksheet more than $100,000 ($50,000 if married filing separately)?   □ Yes. 2012 tax form 1040a Your deduction is limited. 2012 tax form 1040a Refigure your deduction using the Mortgage Insurance Premiums Deduction Worksheet in the 2013 Instructions for Form 1045. 2012 tax form 1040a On line 2 of the Mortgage Insurance Premiums Deduction Worksheet, enter the amount from line 13 of this worksheet. 2012 tax form 1040a   □ No. 2012 tax form 1040a Your deduction is not limited. 2012 tax form 1040a Enter the amount from line 19 on line 20 and enter -0- on line 21. 2012 tax form 1040a Line 23. 2012 tax form 1040a   If you had a contributions carryover from 2012 to 2013 and your NOL deduction includes an amount from an NOL year before 2012, you may have to reduce your contributions carryover. 2012 tax form 1040a Reduce the contributions carryover by the amount of any adjustment you made to your 2012 charitable contributions deduction when figuring your NOL carryover to 2013. 2012 tax form 1040a Use the reduced contributions carryover to figure the amount to enter on line 23. 2012 tax form 1040a Please click here for the text description of the image. 2012 tax form 1040a Worksheet for NOL Carryover Worksheet for NOL Carryover (Continued) How To Get Tax Help 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. 2012 tax form 1040a Free help with your tax return. 2012 tax form 1040a   You can get free help preparing your return nationwide from IRS-certified volunteers. 2012 tax form 1040a The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. 2012 tax form 1040a The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. 2012 tax form 1040a 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. 2012 tax form 1040a In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. 2012 tax form 1040a To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. 2012 tax form 1040a gov, download the IRS2Go app, or call 1-800-906-9887. 2012 tax form 1040a   As part of the TCE program, AARP offers the Tax-Aide counseling program. 2012 tax form 1040a To find the nearest AARP Tax-Aide site, visit AARP's website at www. 2012 tax form 1040a aarp. 2012 tax form 1040a org/money/taxaide or call 1-888-227-7669. 2012 tax form 1040a For more information on these programs, go to IRS. 2012 tax form 1040a gov and enter “VITA” in the search box. 2012 tax form 1040a Internet. 2012 tax form 1040a    IRS. 2012 tax form 1040a gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. 2012 tax form 1040a Download the free IRS2Go app from the iTunes app store or from Google Play. 2012 tax form 1040a 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. 2012 tax form 1040a Check the status of your 2013 refund with the Where's My Refund? application on IRS. 2012 tax form 1040a gov or download the IRS2Go app and select the Refund Status option. 2012 tax form 1040a The IRS issues more than 9 out of 10 refunds in less than 21 days. 2012 tax form 1040a 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. 2012 tax form 1040a You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. 2012 tax form 1040a The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. 2012 tax form 1040a Use the Interactive Tax Assistant (ITA) to research your tax questions. 2012 tax form 1040a No need to wait on the phone or stand in line. 2012 tax form 1040a 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. 2012 tax form 1040a When you reach the response screen, you can print the entire interview and the final response for your records. 2012 tax form 1040a New subject areas are added on a regular basis. 2012 tax form 1040a  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. 2012 tax form 1040a gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. 2012 tax form 1040a You can use the IRS Tax Map to search publications and instructions by topic or keyword. 2012 tax form 1040a The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. 2012 tax form 1040a 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. 2012 tax form 1040a 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. 2012 tax form 1040a You can also ask the IRS to mail a return or an account transcript to you. 2012 tax form 1040a Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. 2012 tax form 1040a gov or by calling 1-800-908-9946. 2012 tax form 1040a Tax return and tax account transcripts are generally available for the current year and the past three years. 2012 tax form 1040a Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. 2012 tax form 1040a Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. 2012 tax form 1040a 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. 2012 tax form 1040a Check the status of your amended return using Where's My Amended Return? Go to IRS. 2012 tax form 1040a gov and enter Where's My Amended Return? in the search box. 2012 tax form 1040a You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. 2012 tax form 1040a It can take up to 3 weeks from the date you mailed it to show up in our system. 2012 tax form 1040a Make a payment using one of several safe and convenient electronic payment options available on IRS. 2012 tax form 1040a gov. 2012 tax form 1040a Select the Payment tab on the front page of IRS. 2012 tax form 1040a gov for more information. 2012 tax form 1040a Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. 2012 tax form 1040a Figure your income tax withholding with the IRS Withholding Calculator on IRS. 2012 tax form 1040a gov. 2012 tax form 1040a 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. 2012 tax form 1040a Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. 2012 tax form 1040a gov. 2012 tax form 1040a Request an Electronic Filing PIN by going to IRS. 2012 tax form 1040a gov and entering Electronic Filing PIN in the search box. 2012 tax form 1040a Download forms, instructions and publications, including accessible versions for people with disabilities. 2012 tax form 1040a Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. 2012 tax form 1040a gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. 2012 tax form 1040a An employee can answer questions about your tax account or help you set up a payment plan. 2012 tax form 1040a Before you visit, check the Office Locator on IRS. 2012 tax form 1040a gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. 2012 tax form 1040a If you have a special need, such as a disability, you can request an appointment. 2012 tax form 1040a Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. 2012 tax form 1040a Apply for an Employer Identification Number (EIN). 2012 tax form 1040a Go to IRS. 2012 tax form 1040a gov and enter Apply for an EIN in the search box. 2012 tax form 1040a Read the Internal Revenue Code, regulations, or other official guidance. 2012 tax form 1040a Read Internal Revenue Bulletins. 2012 tax form 1040a Sign up to receive local and national tax news and more by email. 2012 tax form 1040a Just click on “subscriptions” above the search box on IRS. 2012 tax form 1040a gov and choose from a variety of options. 2012 tax form 1040a Phone. 2012 tax form 1040a    You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. 2012 tax form 1040a Download the free IRS2Go app from the iTunes app store or from Google Play. 2012 tax form 1040a Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. 2012 tax form 1040a gov, or download the IRS2Go app. 2012 tax form 1040a 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. 2012 tax form 1040a The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. 2012 tax form 1040a Most VITA and TCE sites offer free electronic filing. 2012 tax form 1040a Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. 2012 tax form 1040a Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. 2012 tax form 1040a 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. 2012 tax form 1040a 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. 2012 tax form 1040a The IRS issues more than 9 out of 10 refunds in less than 21 days. 2012 tax form 1040a Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. 2012 tax form 1040a 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. 2012 tax form 1040a The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. 2012 tax form 1040a Note, the above information is for our automated hotline. 2012 tax form 1040a 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. 2012 tax form 1040a Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. 2012 tax form 1040a You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. 2012 tax form 1040a It can take up to 3 weeks from the date you mailed it to show up in our system. 2012 tax form 1040a 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). 2012 tax form 1040a You should receive your order within 10 business days. 2012 tax form 1040a Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. 2012 tax form 1040a 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. 2012 tax form 1040a Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. 2012 tax form 1040a The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. 2012 tax form 1040a These individuals can also contact the IRS through relay services such as the Federal Relay Service. 2012 tax form 1040a Walk-in. 2012 tax form 1040a   You can find a selection of forms, publications and services — in person. 2012 tax form 1040a Products. 2012 tax form 1040a You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. 2012 tax form 1040a Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. 2012 tax form 1040a Services. 2012 tax form 1040a You can walk in to your local TAC for face-to-face tax help. 2012 tax form 1040a An employee can answer questions about your tax account or help you set up a payment plan. 2012 tax form 1040a Before visiting, use the Office Locator tool on IRS. 2012 tax form 1040a gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. 2012 tax form 1040a Mail. 2012 tax form 1040a   You can send your order for forms, instructions, and publications to the address below. 2012 tax form 1040a You should receive a response within 10 business days after your request is received. 2012 tax form 1040a Internal Revenue Service 1201 N. 2012 tax form 1040a Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. 2012 tax form 1040a The Taxpayer Advocate Service (TAS) is your voice at the IRS. 2012 tax form 1040a Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. 2012 tax form 1040a   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. 2012 tax form 1040a 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. 2012 tax form 1040a You face (or your business is facing) an immediate threat of adverse action. 2012 tax form 1040a You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. 2012 tax form 1040a   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. 2012 tax form 1040a Here's why we can help: TAS is an independent organization within the IRS. 2012 tax form 1040a Our advocates know how to work with the IRS. 2012 tax form 1040a Our services are free and tailored to meet your needs. 2012 tax form 1040a We have offices in every state, the District of Columbia, and Puerto Rico. 2012 tax form 1040a   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. 2012 tax form 1040a   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. 2012 tax form 1040a If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. 2012 tax form 1040a Low Income Taxpayer Clinics Low Income
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Consult Car Safety Experts

Crash tests can help you determine how well a vehicle will protect you in a crash. Here are different organizations that perform crash tests and rate vehicles:

To find out whether a vehicle has been recalled for safety defects, contact NHTSA. If a vehicle has been recalled, ask the dealer for proof that the defect has been repaired. Used vehicles should also have a current safety inspection sticker if your state requires one.

The 2012 Tax Form 1040a

2012 tax form 1040a Publication 531 - Introductory Material Table of Contents Future Developments What's New Reminder IntroductionOrdering forms and publications. 2012 tax form 1040a Tax questions. 2012 tax form 1040a Future Developments For the latest information about developments related to Publication 531, such as legislation enacted after this publication was published, go to www. 2012 tax form 1040a irs. 2012 tax form 1040a gov/pub531. 2012 tax form 1040a What's New Additional Medicare Tax. 2012 tax form 1040a  Beginning in 2013, a 0. 2012 tax form 1040a 9% Additional Medicare Tax applies to Medicare wages, Railroad Retirement Tax Act (RRTA) compensation, and self-employment income that are more than: $125,000 if married filing separately, $250,000 if married filing jointly, or $200,000 for any other filing status. 2012 tax form 1040a An employer is required to withhold Additional Medicare Tax on any Medicare wages or RRTA compensation it pays to an employee in excess of $200,000 in a calendar year without regard to the employee's filing status. 2012 tax form 1040a An employer is required to begin withholding Additional Medicare Tax in the pay period in which it pays wages or compensation in excess of $200,000 to an employee and continue to withhold it until the end of the calendar year. 2012 tax form 1040a Additional Medicare Tax is only imposed on the employee. 2012 tax form 1040a There is no employer share of Additional Medicare Tax. 2012 tax form 1040a All wages and compensation that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. 2012 tax form 1040a Tips are subject to Additional Medicare Tax withholding, if, in combination with other wages paid by the employer, they exceed the $200,000 withholding threshold. 2012 tax form 1040a Similarly, tips are subject to Additional Medicare Tax withholding, if, in combination with other RRTA compensation paid by the employer, they exceed the $200,000 withholding threshold. 2012 tax form 1040a For more information on Additional Medicare Tax, go to www. 2012 tax form 1040a irs. 2012 tax form 1040a gov and enter “Additional Medicare Tax” in the search box. 2012 tax form 1040a Reminder Photographs of missing children. 2012 tax form 1040a  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. 2012 tax form 1040a Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. 2012 tax form 1040a You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. 2012 tax form 1040a Introduction This publication is for employees who receive tips. 2012 tax form 1040a All tips you receive are income and are subject to federal income tax. 2012 tax form 1040a You must include in gross income all tips you receive directly, charged tips paid to you by your employer, and your share of any tips you receive under a tip-splitting or tip-pooling arrangement. 2012 tax form 1040a The value of noncash tips, such as tickets, passes, or other items of value, is also income and subject to tax. 2012 tax form 1040a Reporting your tip income correctly is not difficult. 2012 tax form 1040a You must do three things. 2012 tax form 1040a Keep a daily tip record. 2012 tax form 1040a Report tips to your employer. 2012 tax form 1040a Report all your tips on your income tax return. 2012 tax form 1040a  This publication will explain these three things and show you what to do on your tax return if you have not done the first two. 2012 tax form 1040a This publication will also show you how to treat allocated tips. 2012 tax form 1040a Comments and suggestions. 2012 tax form 1040a   We welcome your comments about this publication and your suggestions for future editions. 2012 tax form 1040a   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. 2012 tax form 1040a NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. 2012 tax form 1040a Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 2012 tax form 1040a   You can send your comments from www. 2012 tax form 1040a irs. 2012 tax form 1040a gov/formspubs/. 2012 tax form 1040a Click on “More Information” and then on “Comment on Tax Forms and Publications”. 2012 tax form 1040a   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. 2012 tax form 1040a Ordering forms and publications. 2012 tax form 1040a   Visit www. 2012 tax form 1040a irs. 2012 tax form 1040a gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. 2012 tax form 1040a Internal Revenue Service 1201 N. 2012 tax form 1040a Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. 2012 tax form 1040a   If you have a tax question, check the information available on IRS. 2012 tax form 1040a gov or call 1-800-829-1040. 2012 tax form 1040a We cannot answer tax questions sent to either of the above addresses. 2012 tax form 1040a Prev  Up  Next   Home   More Online Publications